Vermeg acquires a stake in BSB 20 June 2012Tunis Reporter: Georgina Lavers
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Vermeg, which specialises in securities processing and fund administration software, has acquired an equity participation in the capital of BSB, a provider of business solutions and IT services for insurers, private bankers, portfolio managers, wealth managers, holding companies, independent financial advisors and investment funds.
Under this agreement, Vermeg subscribes to a capital increase of €5 million and will own 24.45 percent of BSB’s capital. The company will join the board of directors.
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