KAS Bank sold to Crédit Agricole business for €188m

James Phillips
clock • 1 min read

Asset servicing bank CACEIS has conditionally agreed to acquire KAS Bank for €188m (£163m) to boost its product offering to institutional investors across Europe.

The Crédit Agricole business has made an all-cash public offer of €12.75 per share, representing a 110% premium over the closing price of KAS Bank on 22 February. The offer was unanimously accep...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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