Rutgers & Posch advises Achmea on its acquisition of part of the banking operations of a.s.r. bank

Rutgers & Posch advises Achmea on the on 21 March 2019 announced acquisition by Achmea Bank of part of the banking operations of a.s.r. bank. These operations consist of a liability portfolio with savings of € 1.7 billion and approximately 125,000 customers, and an asset portfolio consisting of mortgages with a volume of € 1.5 billion.

The acquisition is subject to approval from the relevant supervisory authorities, an approval by the Netherlands Authority for Consumers & Markets following notification of the acquisition and completion of the advisory process with the Works Councils involved. Achmea and a.s.r. expect to finalise the transaction in the second half of 2019.

Click here for the press release of Achmea.

The team of Rutgers & Posch consists of Lennaert Posch, Kees Westermann, Babette Waltman and Annelies van Doorn.