Van Lanschot Bankiers announces that it has reached an agreement with Ohpen Holding B.V. on the sale of Robein Leven to the investment company Ohpen.
All the shares in Robein Leven were acquired by Van Lanschot in the third quarter of 2009. Van Lanschot's shareholding in Robein Leven was non-strategic, but was instead the result of the Robein Leven shares having being pledged as collateral for a loan granted by Van Lanschot. After the acquisition by Van Lanschot, Robein Leven continued to operate fully independently and separately from the group.
At the time of acquiring the Robein Leven shares, Van Lanschot indicated that it intended to dispose of these shares in due course because Robein's activities did not complement the private banking strategy of the bank. Van Lanschot's private banking strategy focuses mainly on high net worth individuals, entrepreneurs and their businesses.
The transaction does not have a material impact on Van Lanschot's profit and loss account. Van Lanschot and Ohpen intend to complete the actual transfer in the first quarter of 2011.
The sale is subject to the approval of the Dutch Central Bank and will take place after the Employee Works Council has issued its advice.
's-Hertogenbosch, 10 December 2010
Van Lanschot Media Relations: Etienne te Brake, Corporate Communication spokesperson
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Van Lanschot NV is the holding company of F. van Lanschot Bankiers NV, the oldest independent bank in the Netherlands with a history dating back to 1737. Van Lanschot focuses on three target groups: high net-worth individuals, medium-sized businesses (including family businesses) and institutional investors. Van Lanschot stands for high-quality services founded on integrated advice, personal service and customised solutions. Van Lanschot NV is listed on Euronext Amsterdam.