Asset Servicing · Private Banks

Private bank Hauck Aufhäuser goes Dutch in €672 mln deal

Dutch bank ABN Amro on Tuesday said it agreed to pay 672 million euro for German private bank Hauck Aufhäuser Lampe, also known as HAL, from debt-laden Chinese investment company Fosun International. HAL's asset services activities in Luxembourg and Ireland are excluded from the transaction.

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