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CSOB to become CSOB Asset Management Group

Financial group CSOB is to merge management of assets, securities and fund collective investment into what will be the largest player on the market named CSOB Asset Management Group.

The group with a balance sum of CZK 68 bln should incorporate Patria Asset Management, OB Invest and Prvni Investicni Spolecnost. Total assets including pension funds, insurers and building savings banks should total CZK 128 bln.

(PBJ 12.vii.02)

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