Van Lanschot and De Goudse sign collaboration agreement for insurance
and asset management
F. van Lanschot Bankiers NV (Van Lanschot) and De Goudse NV (De
Goudse) today signed the purchase agreement for the transfer of 51%
of the shares in Van Lanschot Assurantiën Holding BV to De Goudse.
Van Lanschot announced on 17 August 2007 that it intended to enter
into a collaboration agreement with De Goudse. The operations of Van
Lanschot Assurantiën will be continued under the name Van Lanschot
Chabot BV. Van Lanschot and Van Lanschot Chabot have entered into an
exclusive distribution agreement for a period of 20 years.
The collaboration agreement with De Goudse is twofold. Firstly, De
Goudse will acquire 51% of the shares in Van Lanschot Assurantiën
Holding BV. In addition, under the collaboration agreement De Goudse
will transfer the management of part of its investments and the
strategic advice on its investments to Van Lanschot's subsidiary
Kempen & Co. It has been agreed that Kempen Capital Management will
manage ¤ 350 million of the investment portfolio of De Goudse.
Moreover, Kempen Capital Management, as strategic investment partner,
will be responsible for providing advice on matters such as asset
allocation, portfolio construction and risk management, as well as
transaction execution and administration of the total investment
portfolio worth some ¤ 1.5 billion.
The shares are expected to be transferred on 30 November 2007. The
Works Councils of Van Lanschot and De Goudse have issued a positive
recommendation on the transaction.
's-Hertogenbosch, 16 November 2007
Van Lanschot Media Relations: Etienne te Brake, Corporate
Telephone +31 (0)73 548 3026; Mobile phone +31 (0)6 12 505 110;
Van Lanschot Investor Relations: Geraldine A.M. Bakker-Grier,
Investor Relations Manager.
Telephone +31 (0)73 548 3350; Mobile phone +31 (0)6 13 976 401;
Van Lanschot nv is the holding company of F. van Lanschot Bankiers
nv, the oldest independent bank in the Netherlands, with a history
dating back to 1737. The bank focuses on three target groups: high
net-worth individuals, medium-sized businesses (including family
businesses) and institutional investors. Van Lanschot stands for
high-quality services founded on integrated advice, personal service
and customised solutions. Van Lanschot NV is listed on the Euronext
Amsterdam Stock Market.
The press release can be downloaded from the following link: