In September, LGT Group had signed an agreement with ABN Amro under which its subsidiary, Delbrück Bethmann Maffei, was to acquire 100% of the shares of LGT Bank Deutschland.
The completion was subject to the satisfaction of closing conditions which have now been met, allowing for the acquisition of LGT Bank Deutschland to go forward.
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After the transaction, Delbrück will have assets under management (AuM) of approximately EUR 20 billion.
Additionally, both companies have entered a cooperation agreement pursuant to which Delbrück clients may access products offered by LGT.
LGT Group is a Liechtenstein-based international wealth and asset management firm with approximately CHF 88.1 billion in assets under management.
