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BinckBank N.V.: BinckBank not in takeover process Keytrade

Following a thorough review of a possible takeover of Keytrade in Belgium,
BinckBank decided not to pursue this possibility and announces that it has no
further interest in a takeover of Keytrade at the moment. The asking price
for Keytrade is substantially higher than the level at which BinckBank would
be interested to explore a takeover. BinckBank does not rule out its
participation in the takeover process should the asking price develop

Vincent Germyns, Chairman of the Executive Board: "The strategy of BinckBank,
which has been sharpened just recently, is based on our own strengths. We
believe it was in line with our fiduciary responsibility to review a possible
takeover of Keytrade. We found insufficient value to be able to offer a price
near the asking price."

click here for press release


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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: BinckBank N.V. via Globenewswire


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