Nachenius, Tjeenk & Co manages over EUR 1.3 billion on behalf of high net worth individuals,associations and foundations. Its history dates back to 1790. The bankemploys around 60 people. The transaction is subject to the usualcompletion conditions and the approval of the relevant regulatory bodies.It is expected to be finalized at the beginning of the third quarter of 2005.
With this acquisition, BNP Paribas Private Bank expands its activities tothe Netherlands. Alain Papiasse, head of BNP