Elian Acquisition Update All Regulatory Approvals Obtained, Transaction Closing by End of September
Amsterdam - September 13, 2016 - Intertrust N.V. ("Intertrust" or "the Company") [ticker symbol INTER] a leading global provider of high-value trust and corporate services, announces that all regulatory approvals required for completion of the Elian acquisition have now been received. The transaction is expected to close as previously announced in September 2016. Subsequently, the integration process will commence as planned, including management structure, financial consolidation, system integration, joint commercial market approach, co-location of employees in the 10 jurisdictions in which Intertrust and Elian both have a presence, and rebranding of Elian to Intertrust.
Director of Investors Relations, Marketing & Communications
About Intertrust Intertrust is a leading global provider of high-value trust and corporate services, with a network of 37 offices in 26 jurisdictions across Europe, the Americas, Asia and the Middle-East. The Company focuses on delivering high-quality tailored services to its clients with a view to building long-term relationships. Intertrust's business services offering is comprised of corporate services, fund services, capital market services, and private client services. Intertrust has leading market positions in selected key geographic markets of its industry, including the Netherlands, Luxembourg, the Cayman Islands and Guernsey. After closing the Elian acquisition, Intertrust will have offices in 30 jurisdictions including the important jurisdiction of Jersey.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Intertrust Group via Globenewswire