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The Liechtensteinische Landesbank (LLB) acquired 100% of the capital of Semper Constantia. On December 22, 2017, the LLB announced the signing of a purchase agreement. As expected, the official completion of the transaction has now taken place. In return, Semper Constantia's two major previous shareholders received 1.85 million LLB shares as part of the purchase price. They hold approximately 6% of the capital and voting rights of LLB. The authorities had already issued surveillance and antitrust licenses.
LLB extends its service offering in Austria
Austria is one of the three LLB group national markets, alongside Liechtenstein and Switzerland. Since 2009 she has been active in Vienna with the subsidiary Liechtensteinische Landesbank (Austria). It operates the wealth management business with around 50 employees.
The acquisition of Semper Constantia allows the LLB group to make Austria its third national market and expand its range of services in Austria.
At the end of September 2018, subject to the approval of the Austrian Financial Market Supervisory Authority, it is planned to merge Semper Constantia with LLB Österreich to form the Liechtensteinische Landesbank (Österreich) AG. This will create the largest asset management bank in Austria with a combined asset of more than 18 billion euros Gabriel Brenna, head of the private banking division of the LLB group, will become chairman of the supervisory board of the merged bank and CEO of Bernhard Ramsauer
Constantia also opens the LLB group to the Austrian fund services market. With the acquisition of LB (Swiss) Investment AG in Zurich, which was completed on April 3, 2018, the LLB Group has already entered the Swiss fund market ( Trends in Published Funds ). This company has been listed under the new name "LLB Swiss Investment AG" since May 3, 2018.
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