Amsterdam, 29 January 2010 - Fortis Bank Nederland and BGL BNP Paribas today finalised the sale of Intertrust to Waterland, having received all regulatory and other necessary approvals. The parties already signed the sale- and purchase agreement on 4 September 2009.
The sale will enable the management of Intertrust and Waterland, as its new owner, to fully capture opportunities in the trust and corporate service sector. It will also allow Fortis Bank Nederland and BGL BNP Paribas to re-focus on their core banking activities.
Throughout the sale process, Fortis Bank Nederland and BGL BNP Paribas have worked to safeguard all stakeholders’ interests, in particular those of Intertrust’s clients and employees.