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LLB completes acquisition of ZKB Austria enhancing wealth management in Austria
Liechtensteinische Landesbank AG (LLB) has successfully completed its acquisition of Zürcher Kantonalbank Österreich AG, acquiring 100% of its share capital as of January 9, 2025. This strategic move, involving client assets of approximately EUR 3.4 billion, strengthens LLB's position in Austria, where it plans to merge the new entity with its existing subsidiary, LLB (Österreich) AG, in mid-2025. The management board will see key figures from both banks, enhancing their wealth management capabilities in the region.
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