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Article: Julius Baer buys ING Swiss private banking for USD500m.
- Article from:
- Global Banking News (GBN)
- Article date:
- October 7, 2009
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Global Banking News-7 October 2009-Julius Baer buys ING Swiss private banking for USD500m(C)2009 ENPublishing - http://www.enpublishing.co.uk
Global Banking News - 07 October 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Dutch banking and insurance company ING Groep NV (NYSE: ING) (ING.AS) has decided to sell its Swiss private banking assets to Swiss wealth manager Julius Baer Holding AG (ZHR: BAER) (OTC: JBHGY) for USD500m, Dow Jones has reported citing a person familiar with the situation.
The company is also set to raise USD1.5bn from its ...