Fosun International, the China based international conglomerate and investment company, has sold 99.743% of its subsidiary’s shares in Hauck Aufhauser Lampe Privatbank AG (HAL), the the Germany based private bank, to ABN AMRO Bank N.V., the Netherlands based bank, for a total consideration of approximately EUR 670.3m. The Chinese conglomerate will keep Hauck Aufhauser’s asset servicing operations that are based in Luxembourg and Ireland.
- Target – Hauck Aufhäuser Lampe Privatbank AG
- Buyer – Abn Amro Bank n.v.
- Seller – Fosun International limited
