- 3 min
CACEIS’ recommended public offer for KAS BANK: 95.30% of securities committed. CACEIS declares offer for KAS BANK unconditional.
CACEIS Bank ("CACEIS") and KAS BANK have today issued a joint press release informing the market that at the end of the offer period, 95.30% of issued and outstanding securities have been tendered and delivered to the offer. CACEIS declares its offer for KAS BANK unconditional, all conditions having been satisfied or waived.
Settlement and delivery of the securities will take place on 27
Jean-François Abadie, CEO of CACEIS stated, “I am delighted in the success of this recommended public offer. The staff from KAS BANK will soon join CACEIS and bring their expert knowledge of the servicing needs of their institutional investor clients. CACEIS now adds a high level of expertise in pension fund servicing to its offer. All clients of the CACEIS group stand to benefit from the services of one of the leading European asset servicing companies, our geographical footprint and our financial strength. Together with the staff and management of KAS BANK, we will leverage our extensive migration experience to ensure uninterrupted service for KAS BANK clients."