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Nucleus Euro-Advisers (NEA) has received in December 2009 the final approval of the Commission Bancaire, Financière et d’Assurance (CBFA - Belgian regulator) for the acquisition of Asco Life (a life office of the group Ackermans Van Haaren) and its subsequent merger with Patronale Hypotheekmaatschappi, a small Belgian mortgage bank incorporated in 1926. After completion of the transaction, NEA will hold 26% of the share capital of the new life office which will operate out of Brussels under the name of Patronale Leven. The rest of the share capital will remain controlled by the historical shareholders of Patronale. “This is a big achievement for NEA” said Vincent J.Derudder, its Managing Partner who is also the Secretary General of Fédération Européenne des Conseils et Intermédiaires...
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