The Board of Directors of
Catella has previously announced that it expects a net result from divestments and costs related to the wind down, which protects value in the form of equity of
The banking operations is expected to be completed during the first half of 2021 when a request of revoking the bank license will be submitted to the supervisory authority CSSF. Catella will then exit from the consolidated situation, which has resulted in extensive regulatory framework and an inefficient capital structure for the entire Group.
This is information that
For more information, please contact:
CEO and President
+46 70 547 16 36
knut.pedersen@catella.se
Niklas Bommelin
Investor Relations
+46 76 891 12 40
niklas.bommelin@catella.se
Catella is a leading specialist in property investments, fund management and banking, with operations in 15 countries. The group has assets under management of approximately
https://news.cision.com/catella/r/wind-down-of-catella-s-banking-operations-to-be-completed,c3120418
https://mb.cision.com/Main/1744/3120418/1253981.pdf
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