Announced in December 2015, the acquisition of Commerzbank International Luxembourg by Julius Baer was finalised on 4 July 2016 after a payment of €78m. Romeo Lacher, Chairman of the Board of Directors: 'Julius Baer is adhering to this request from FINMA despite our continued strong capital, funding and liquidity position, which would have comfortably allowed us to pay the initially proposed dividend, and despite our strong performance in the first quarter of 2020. The transaction is expected to be completed within two years.
Announced in December 2015, the acquisition of Commerzbank International Luxembourg by Julius Baer was finalised on 4 July 2016 after a payment of €78m. The transaction is expected to be completed within two years.