29/10/2018at 13:43

Catella sells off wealth management arm in Luxembourg

Sweden's Catella divests its wealth management operations in Luxembourg for EUR 10.60 million, selling to a Liechtenstein-based bank.

Knut Pedersen, CEO of Catella Group. | Photo: PR

by SØREN RATHLOU TOP

Stockholm-based financial group Catella has decided to offload its wealth management operations in Luxembourg. The buyer is the Liechtenstein bank VP bank, which is paying EUR 10.60 milliion for the unit.

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