{"id":112341,"date":"2019-02-25T09:00:00","date_gmt":"2019-02-25T08:00:00","guid":{"rendered":"https:\/\/www.credit-agricole-gruppe.de\/actualite\/caceis-and-kas-bank-agree-on-a-recommended-cash-offer-for-all-securities-in-kas-bank\/"},"modified":"2019-02-25T09:00:00","modified_gmt":"2019-02-25T08:00:00","slug":"caceis-and-kas-bank-agree-on-a-recommended-cash-offer-for-all-securities-in-kas-bank","status":"publish","type":"actualite","link":"https:\/\/www.credit-agricole-gruppe.de\/en\/actualite\/caceis-and-kas-bank-agree-on-a-recommended-cash-offer-for-all-securities-in-kas-bank\/","title":{"rendered":"CACEIS and KAS BANK agree on a recommended cash offer for all securities in KAS BANK"},"content":{"rendered":"\n

Today, CACEIS and KAS BANK published a joint press release announcing a conditional agreement on a recommended all-cash offer by CACEIS for KAS BANK. The intended offer is 12.75\u20ac per security, and values KAS BANK at \u20ac188 million(1)<\/sup>. The Management Board and Supervisory Board of KAS BANK unanimously support and recommend the offer. The Offer is expected to be completed in the third quarter of 2019 and is subject to customary conditions. A long-established actor in the field of custody and fund administration services in The Netherlands, KAS BANK enjoys a highly respected expertise in its market. With this transaction, CACEIS will immediately benefit from enhanced capabilities to servicing its insurance companies and pension funds client base. CACEIS\u2019 pan-European ambition is therefore confirmed, with a reinforced position in the Netherlands, a major country in Europe for financial activities, which will serve its clients\u2019 international development strategy. The acquisition is expected to create value through substantial potential synergies. It is in line with the investment criteria and return on investment objectives of the Credit Agricole S.A. group. The regulatory impact is negligible at group level. Jean Fran\u00e7ois Abadie, CACEIS CEO comments: \u201cWith the announcement today, we confirm CACEIS\u2019 winning strategy by targeting the best opportunities to deepen our European market coverage and expand our product offering. KAS BANK is the perfect fit in this regard. We share with KAS BANK the same vision of the market, and aim at delivering responsible, efficient, customer focused and innovative service. With the addition of KAS BANK, CACEIS\u2019s value proposition for its shareholders, clients and employees, will definitely be strengthened. Cr\u00e9dit Agricole S.A., our parent company, stands firm by us in this operation that is perfectly in line with the financial and strategic guidelines the Group has set for CACEIS.\u201d <\/em> (1)<\/sup> Based on 15,699,017 securities issued, minus 921,934 treasury shares.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Today, CACEIS and KAS BANK published a joint press release announcing a conditional agreement on a recommended all-cash offer by CACEIS for KAS BANK.\u00a0The intended offer is 12.75\u20ac per security, and values KAS BANK at \u20ac188 million(1).\u00a0The Management Board and Supervisory Board of KAS BANK unanimously support and recommend the offer. The Offer is expected to be completed in the third quarter of 2019 and is subject to customary conditions.\u00a0A long-established actor in the field of custody and fund administration services in The Netherlands, KAS BANK enjoys a highly respected expertise in its market.\u00a0With this transaction, CACEIS will immediately benefit from enhanced capabilities to servicing its insurance companies and pension funds client base. \u00a0\u00a0CACEIS\u2019 pan-European ambition is therefore confirmed, with a reinforced position in the Netherlands, a major country in Europe for financial activities, which will serve its clients\u2019 international development strategy. \u00a0\u00a0The acquisition is expected to create value through substantial potential synergies. It is in line with the investment criteria and return on investment objectives of the Credit Agricole S.A. group. The regulatory impact is negligible at group level.\u00a0Jean Fran\u00e7ois Abadie, CACEIS CEO comments:\u00a0\u201cWith the announcement today, we\u00a0confirm CACEIS\u2019 winning strategy by targeting the best opportunities to deepen our European market coverage and expand our product offering. KAS BANK is the perfect fit in this regard. We share with KAS BANK the same vision of the market, and aim at delivering responsible, efficient, customer focused and innovative service. With the addition of KAS BANK, CACEIS\u2019s value proposition for its shareholders, clients and employees, will definitely be strengthened. Cr\u00e9dit Agricole S.A., our parent company, stands firm by us in this operation that is perfectly in line with the financial and strategic guidelines the Group has set for CACEIS.\u201d\u00a0\u00a0\u00a0\u00a0(1) Based on 15,699,017 securities issued, minus 921,934 treasury shares.\u00a0<\/p>\n","protected":false},"featured_media":0,"parent":0,"menu_order":0,"template":"","meta":{"_acf_changed":false},"tags_actu":[10034],"class_list":["post-112341","actualite","type-actualite","status-publish","hentry","tags_actu-caceis-channel"],"acf":[],"yoast_head":"\nCACEIS and KAS BANK agree on a recommended cash offer for all securities in KAS BANK - Jedha Access<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.credit-agricole-gruppe.de\/en\/actualite\/caceis-and-kas-bank-agree-on-a-recommended-cash-offer-for-all-securities-in-kas-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CACEIS and KAS BANK agree on a recommended cash offer for all securities in KAS BANK - Jedha Access\" \/>\n<meta property=\"og:description\" content=\"Today, CACEIS and KAS BANK published a joint press release announcing a conditional agreement on a recommended all-cash offer by CACEIS for KAS BANK.\u00a0The intended offer is 12.75\u20ac per security, and values KAS BANK at \u20ac188 million(1).\u00a0The Management Board and Supervisory Board of KAS BANK unanimously support and recommend the offer. The Offer is expected to be completed in the third quarter of 2019 and is subject to customary conditions.\u00a0A long-established actor in the field of custody and fund administration services in The Netherlands, KAS BANK enjoys a highly respected expertise in its market.\u00a0With this transaction, CACEIS will immediately benefit from enhanced capabilities to servicing its insurance companies and pension funds client base. \u00a0\u00a0CACEIS\u2019 pan-European ambition is therefore confirmed, with a reinforced position in the Netherlands, a major country in Europe for financial activities, which will serve its clients\u2019 international development strategy. \u00a0\u00a0The acquisition is expected to create value through substantial potential synergies. It is in line with the investment criteria and return on investment objectives of the Credit Agricole S.A. group. The regulatory impact is negligible at group level.\u00a0Jean Fran\u00e7ois Abadie, CACEIS CEO comments:\u00a0\u201cWith the announcement today, we\u00a0confirm CACEIS\u2019 winning strategy by targeting the best opportunities to deepen our European market coverage and expand our product offering. KAS BANK is the perfect fit in this regard. We share with KAS BANK the same vision of the market, and aim at delivering responsible, efficient, customer focused and innovative service. With the addition of KAS BANK, CACEIS\u2019s value proposition for its shareholders, clients and employees, will definitely be strengthened. Cr\u00e9dit Agricole S.A., our parent company, stands firm by us in this operation that is perfectly in line with the financial and strategic guidelines the Group has set for CACEIS.\u201d\u00a0\u00a0\u00a0\u00a0(1) Based on 15,699,017 securities issued, minus 921,934 treasury shares.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.credit-agricole-gruppe.de\/en\/actualite\/caceis-and-kas-bank-agree-on-a-recommended-cash-offer-for-all-securities-in-kas-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"Jedha Access\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.credit-agricole-gruppe.de\\\/en\\\/actualite\\\/caceis-and-kas-bank-agree-on-a-recommended-cash-offer-for-all-securities-in-kas-bank\\\/\",\"url\":\"https:\\\/\\\/www.credit-agricole-gruppe.de\\\/en\\\/actualite\\\/caceis-and-kas-bank-agree-on-a-recommended-cash-offer-for-all-securities-in-kas-bank\\\/\",\"name\":\"CACEIS and KAS BANK agree on a recommended cash offer for all securities in KAS BANK - Jedha Access\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.credit-agricole-gruppe.de\\\/en\\\/#website\"},\"datePublished\":\"2019-02-25T08:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.credit-agricole-gruppe.de\\\/en\\\/actualite\\\/caceis-and-kas-bank-agree-on-a-recommended-cash-offer-for-all-securities-in-kas-bank\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.credit-agricole-gruppe.de\\\/en\\\/actualite\\\/caceis-and-kas-bank-agree-on-a-recommended-cash-offer-for-all-securities-in-kas-bank\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.credit-agricole-gruppe.de\\\/en\\\/actualite\\\/caceis-and-kas-bank-agree-on-a-recommended-cash-offer-for-all-securities-in-kas-bank\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.credit-agricole-gruppe.de\\\/en\\\/home\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CACEIS and KAS BANK agree on a recommended cash offer for all securities in KAS BANK\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.credit-agricole-gruppe.de\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.credit-agricole-gruppe.de\\\/en\\\/\",\"name\":\"Jedha Access\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.credit-agricole-gruppe.de\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.credit-agricole-gruppe.de\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.credit-agricole-gruppe.de\\\/en\\\/#organization\",\"name\":\"Jedha Access\",\"url\":\"https:\\\/\\\/www.credit-agricole-gruppe.de\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.credit-agricole-gruppe.de\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.credit-agricole-gruppe.de\\\/wp-content\\\/uploads\\\/Credit_Agricole-3.png\",\"contentUrl\":\"https:\\\/\\\/www.credit-agricole-gruppe.de\\\/wp-content\\\/uploads\\\/Credit_Agricole-3.png\",\"width\":960,\"height\":664,\"caption\":\"Jedha Access\"},\"image\":{\"@id\":\"https:\\\/\\\/www.credit-agricole-gruppe.de\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CACEIS and KAS BANK agree on a recommended cash offer for all securities in KAS BANK - Jedha Access","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.credit-agricole-gruppe.de\/en\/actualite\/caceis-and-kas-bank-agree-on-a-recommended-cash-offer-for-all-securities-in-kas-bank\/","og_locale":"en_US","og_type":"article","og_title":"CACEIS and KAS BANK agree on a recommended cash offer for all securities in KAS BANK - Jedha Access","og_description":"Today, CACEIS and KAS BANK published a joint press release announcing a conditional agreement on a recommended all-cash offer by CACEIS for KAS BANK.\u00a0The intended offer is 12.75\u20ac per security, and values KAS BANK at \u20ac188 million(1).\u00a0The Management Board and Supervisory Board of KAS BANK unanimously support and recommend the offer. 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