Fosun International sells 99.743% of Hauck Aufhäuser Lampe Privatbank AG shares to ABN AMRO for EUR670.3m.
Fosun International announces the sale of 99.743% of its subsidiary's shares in German private bank, Hauck Aufhäuser Lampe Privatbank AG (HAL), to ABN AMRO Bank A.V. for approximately EUR670.3 million. Post-transaction, Fosun retains the shares of Hauck & Aufhäuser Fund Services S.A. (HAFS), HAL’s asset servicing business. The sale aligns with Fosun's asset-light strategy and aims to boost liquidity.
May 28, 2024
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