According to a statement, there are no plans for redundancies.
The acquisition, which is expected to cover around 9 billions euros in assets, will be finalised in spring 2022.
CBP Quilvest is a Luxembourg bank that emerged 10 years ago from the merger of the Quilvest Group into CBP, and is mainly active in the area of wealth management.
Marc Hoffmann holds the position of CEO, with Norbert Becker as Chairman of the Board.
Intesa Sanpaolo is the largest Italian banking group, with almost 990,000 customers and is ranked 27th worldwide.
