Banque J Safra Sarasin acquisition of Bank Leumi Luxembourg private banking business

30/1/2016
Private acquisition

Completed

30/1/2016


Overview:

  • Banque J Safra Sarasin has acquired the private banking business of Bank Leumi Luxembourg.
  • Bank Leumi is one of Israel's biggest banks.
  • The deal comes in the context of several Israeli banks withdrawing from the European private banking space. A recent development saw Israel Discount Bank sell its Swiss subsidiary to Hyposwiss private bank Genvève.

Sam Duke - Editor

Jurisdictions:

Luxembourg
Israel

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Banking


Firms:

Party: Banque J Safra Sarasin (Acquirer)


Party: Bank Leumi (Seller)

Lawyer: Assaf Oz