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LGT acquires Crestone WM for A$475M

LGT has conditionally agreed to acquire Australian wealth management firm Crestone Wealth Management at an offer price of A$475 million (US$338 million), subject to Crestone shareholders’ approval. The transaction, expected to complete in 1Q22, would give LGT a foothold in the Australian wealth management market, while allowing Crestone to expand its services and investment offering to clients. Desribing Crestone as…

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