KAS BANK further strengthens its position in the European securities infrastructure

Specialised Dutch securities services provider KAS BANK N.V. acquires a minority interest of 20% in the Swedish execution service provider Neonet. Other new shareholders in Neonet are investor Hay Tor Capital and the management of Neonet. The existing owner Nordic Capital Fund VII will remain involved as a minority shareholder in Neonet. By this step KAS BANK further strengthens its position in the European securities infrastructure.

Since 2003 KAS BANK acts as the post-trade provider for Neonet in Europe. Neonet manages a sophisticated execution platform through which it provides its clients access to the complex and fragmented European securities market. This step enables KAS BANK to further develop its post-trade securities services in anticipation of the increasing requirements of transparency and best-execution under European Directive MiFID II, which is expected to come into force next year.

The transaction is conditional on approval by the Swedish Financial Supervisory Authority.

For more information, contact:
Michiel Janssen, Secretary to the Managing Board
T : +31 20 557 52 30
Mark van Weezenbeek, Director Sales & New Business Development
T : +31 20 557 54 83