Börse Express – Semper Constantia acquires a new stake and becomes the largest Austrian asset management bank

In accordance with the agreement of December 2017, Liechtensteinische Landesbank AG (LLB), Vaduz, acquired 100% of the shares of Semper Constantia Privatbank Aktiengesellschaft on July 4, 2018. The main previous owners of Semper Constantia, Dr. Ing. Hans Peter Haselsteiner and Dr. med. Erhard F. Grossnigg, in turn, acquires a 6% stake in LLB, becoming its largest private shareholder.

For September 30, 2018, the merger of Semper Constantia with LLB Austria becomes Liechtensteinische Landesbank (Österreich) AG planned. Austria will thus become the third strong home market of the LLB after Liechtenstein and Switzerland.

Gabriel Brenna will be the chairman of the Supervisory Board of Semper Constantia as of today. The new council will continue to hold Dr. Bernhard Ramsauer as chairman of the board and Mag Harald Friedrich as market leader. Dr. Ulrich Kallausch leaves the board with the fence. His COO agendas on the board of directors will be supported by Selim Alantar. As part of the merger scheduled for September 30, 2018, current members of the LLB Austria Management Committee, Dr. Ing. Robert Löw as vice president and Gerd Scheider as chief financial officer, join the board of directors of the new bank. At the annual general meeting in spring 2019, a change of Dr. Ing. Bernhard Ramsauer has been appointed to the Supervisory Board of the Liechtensteinische Landesbank (Österreich) AG.

The merger will create the largest Austrian badet management bank, which will also benefit from the solvency and stability of its LLB owner. Semper Constantia's already very successful business model with its three pillars remains in place. LLB provides a sustainable boost in badet management, and in the field of conservation and funds, Semper Constantia gives it access to the Austrian market. The long-term and long-term property expertise of Semper Constantia will also strengthen the Group in the future. The customers of the new LLB Austria thus benefit from a significantly expanded range of products and services