Delen Private Bank, an established name in private banking, signed a definitive agreement to acquire Groenstate Vermogensbeheer. Groenstate Vermogensbeheer is a well known name in the Twente region in the Netherlands with approximately EUR 225 million in assets under management. The acquisition is the third acquisition by Delen Private Bank in the Netherlands in seven years. The transaction is expected to be completed by the end of the year, subject to regulatory approvals in both the Netherlands and Belgium.
Delen Private Bank acquires Groenstate Vermogensbeheer
1 minute read
Delen Private Bank signed a definitive agreement to acquire Groenstate Vermogensbeheer. The acquisition will support Delen Private Bank's ambition to operate as a leading player in the Dutch private banking market with a local presence and is expected to be completed by the end of the year.
