Completion of Kleinwort Hambros Trust acquisition

Summary by AI BETAClose X

JTC PLC has completed its acquisition of Kleinwort Hambros Trust Company (CI) Limited and its subsidiaries (KHT) from Union Bancaire Privée, UBP SA. The total consideration for the acquisition is £20 million, which will be settled in cash. This acquisition will strengthen JTC's trust presence in the Channel Islands and adds a UK trust business for the first time, complementing JTC's existing Private Capital Services offering.

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JTC (JTC)
UK 100

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