Announced in December 2015 , the acquisition of Commerzbank in Luxembourg by Julius Baer was completed on 4 January 2016 after a payment of € 78 m . Now operating under the name Julius Baer ’s Luxembourg S.A. , this transaction will strengthen Julius Baer ’s position in Luxembourg , as well as provide the entity with a booking office in the city .
Announced in December 2015, the acquisition of Commerzbank International Luxembourg by Julius Baer was finalised on 4 July 2016 after a payment of €78m. Now operating under the name Julius Baer’s Luxembourg S.A., this transaction will strengthen Julius Baer’s position in Luxembourg, as well as provide the entity with a booking centre in the city.