Vig Considering a Sale of the Traditional Fugger Private Bank

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VIG examines the sale of Fürst Fugger Privatbank. The institute manages almost seven billion euros. When could a sale take place?

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After the Vienna Insurance Group has agreed with the Nuremberger on a takeover, the focus is now on its traditional Augsburg banking subsidiary. According to media reports, the Austrians are considering a sale of the traditional Prince Fugger Privatbank. An official sale decision is still pending, but a decision could be taken in the second half of the year. VIG examines the sale of Nuremberg subsidiary Fürst Fugger Privatbank first appeared on …

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Citing unnamed sources, Bloomberg reported that Vienna Insurance Group (VIG) is considering selling Fürst Fugger Privatbank. The small asset manager is named after a descendant of the legendary Fugger banking dynasty and embodies one of the most famous family legacies in European history, Bloomberg wrote.