Sales process of Able aborted

BinckBank and BlackFin Capital Partners abort the sales process of the BPO (Business Process Outsourcing) and software and licensing business, which trades under the name 'Able'. BlackFin Capital Partners and BinckBank have agreed to terminate the letter of intent signed on 18/7/2014 as the necessary conditions for transfer of BPO clients has not been achieved within the set timeline.

The services to the BPO clients will gradually be phased out. The BPO services will be integrated within the Retail organisation. The related integration costs in 2014 are estimated to amount approximately € 1 million. A sale of the software and licensing business of Able B.V., Reeuwijk, remains possible in the future. BinckBank's strategic focus is unchanged on the further development of its Retail business.Click here for full press release


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Source: BinckBank N.V. via Globenewswire
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