ING Groep (ING) said Monday that it reached an agreement with Reggeborgh Groep for the acquisition of an additional 17.6% stake in specialist wealth manager Van Lanschot Kempen.
The company said the deal will raise its stake in Van Lanschot Kempen to 20.3%.
No financial details were disclosed. ING Groep said it has directly acquired a stake of 7.2%, per the agreement, while the remainder of the transaction remains subject to regulatory approval.
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