Vinoo Hinduja ?

I have done this site especially for Vinoo Hinduja
in order to visit thishousewillexist.org

Vinoo Hinduja is member of the Governing and Executive Boards of:
The National Health and Education Society, India;
Hinduja Foundation;
P.D.Hinduja National Hospital & Medical Research Centre, Mumbai
She is daughter of Srichand Hinduja.

Sorry for my poor english translation




Loyens & Loeff Luxembourg advises the Hinduja Group for the acquisition of KBL European Private Bankers

Loyens & Loeff Luxembourg announces the signing May 20, 2010 by his client, the Hinduja Group, a binding agreement for the acquisition of KBL European Private Bankers. The value of the transaction amounts to 1.350 billion euros. The latter concerns the transfer of any interest in KBC and KBL includes all subsidiaries of private banking, as the depositary bank activities and life insurance. The Corporate and Mergers and Acquisitions of Loyens & Loeff advised the buyer on the whole process of acquisition, and in particular on aspects related to Luxembourg law.

Kredietbank Luxembourg (KBL) is one of Europe's largest onshore private banking. Its affiliated local banks are present at 55 locations in ten European countries. End 2009, assets under management amounted to KBL 47 billion euros. Hinduja Group is a diversified international group for nearly a century and is now the European market through Hinduja Bank Switzerland. The acquisition of KBL will Hinduja Group to a greater presence in Europe. The Group also wishes to give KBL wider access to markets in the Middle East, India and Asia. Hinduja Group plans to increase the role of KBL internationally through the Group has interests in over 100 countries. However, the headquarters of KBL will remain in Luxembourg.

This transaction is the second transaction of more than one billion euros that the Corporate Department and Mergers and Acquisitions of Loyens & Loeff Luxembourg has successfully conducted over the last six months. The partner Thierry Lohest, head of the department and his team were indeed responsible for the acquisition of Skype by Silver Lake in 2009.

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Hinduja Group acquires subsidiary of KBC Private Banking KBL

The KBC Group has an agreement with the Hinduja Group ("Hindujas" or "the Group") on the sale of its private banking subsidiary KBL European Private Bankers ("KBL") for a total of 1.350 billion euros.

· Hinduja Group is a diversified international group that deals with business banking since 1914 and is present in the sector through the Hinduja IndusInd Bank Switzerland and India. The KBL Group will ensure a stable base, continuity of business and good stewardship, while giving it greater access to fast growing markets of the Middle East, India and Asia. Hinduja Group plans to increase the role of KBL internationally through the Group has interests in over 100 countries.

· KBL is one of Europe's largest onshore private banking. Its affiliated local banks are present at 55 locations in ten European countries: Belgium, France, Germany, Luxembourg, Monaco, Netherlands, Poland, Spain, Switzerland and United Kingdom.

· End 2009, assets under management of KBL amounted to EUR 47 billion, assets on deposit at EUR 37 billion - through a participation of 52.7% in EFA - and holdings administration to 103 billion EUR.

· The transaction involves the transfer of any interest in KBC and KBL includes all subsidiaries of private banking, as well as the activities of deposit of securities and life insurance.

• The label KBL, its management team and its operations will be fully maintained. KBL will remain based in Luxembourg.

· As usual, the transaction must still be approved by the supervisory authorities and is expected to close in the third quarter of 2010.

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· At March 31, 2010, the release pro forma the transaction on the capital base of KBC was a surplus of about EUR 1.3 billion, resulting in an increase of 1% of core Tier 1 and KBC a core Tier 1 pro forma very robust 10.4%.

· KBC will continue to offer private banking services in Belgium and Central and Eastern Europe, through its private banking business under the label of KBC.

Jan Vanhevel, KBC Group CEO: "Today's transaction represents an important first step in the enforcement of our updated strategy. With this divestment, we release a significant portion of our capital and we are strengthening further the KBC group through a refocusing on its core expertise in bancassurance and its main markets (Belgium and Central and Eastern Europe) and its reduced risk profile.

This significant acquisition allows the group to show a core Tier 1 pro forma very robust 10.4% as of March 31, 2010. As individuals, it is with great regret that we say goodbye to our colleagues in KBL, with whom we have collaborated successfully for many years. We believe that in the lap deKBL epb can develop our business even further, securing the future of its staff and continue to provide outstanding service to customers. "Hinduja Group

Srichand P. Hinduja, Chairman of Hinduja Group: "We are very pleased to welcome KBL in our company, which has a long and successful experience in the banking sector. We will ensure that customers continue to benefit KBL impeccable service provided by a highly motivated staff, in a new and safer.

We look forward to working with the current management of KBL, whose performance seems excellent. We will continue to invest in the business, maintaining each subsidiary and allowing access to KBL growing markets of the Middle East, Indian subcontinent and Asia. We hope to meet the interests of private banking clients at international level and facilitate capital flows between the rapidly growing economies and Western financial markets well established. "

Etienne Verwilghen, CEO of KBL: "We believe this acquisition is positive and quite reassuring for customers. Hinduja Group fully supports our model and our strategy centered on the client in the long term. We look forward to working closely with them to open up new markets for the bank. We are convinced that the entire private banking clients and staff of KBL, as the financial center of Luxembourg, will benefit greatly from the commitment and support of the new owner. "
Impact on KBC

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On 18 November 2009, KBC announced its updated strategy, focusing on its core expertise in bancassurance in its home markets (Belgium, Czech Republic, Slovakia, Hungary, Poland and Bulgaria) and to further reduce the risk profile of the group.

As part of this updated strategy, the group had expressed its intention to reject the European Private Banking from consolidation. This indeed enjoyed autonomy and commercial opportunities presented below average synergy with the bancassurance group. The announcement today is an essential step in the implementation of the strategic plan in November 2009.

In 2009, the contribution of KBL to profit after tax of KBC Group was EUR 140 million. At December 31, 2009, KBL was approximately EUR 5.5 billion of assets weighted by risk.

For KBC, the impact on capital amounts to an immediate release of EUR 1.3 billion of its capital base, which gives a solid core Tier 1 ratio of 10.4% at March 31, 2010.

The transaction, which will release 1.3 billion in capital (net impact on the capital, including release of risk-weighted assets, goodwill and an impairment loss of EUR 0.3 billion will be recorded in the results of the 2nd quarter), is consistent with the announcement Nov. 18, 2009, a targeted release of capital of 0.8 billion to 1.5 billion euros.

KBC will continue to offer private banking services in Belgium and Central and Eastern Europe, through its private banking business of banking under the label of KBC.

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About Hinduja Group

Hinduja Group is a diversified international group that was founded in 1914 and employs over 50,000 people. It is based in Europe and has offices in many cities worldwide and in all major Indian cities. The Group has 30 years experience in long term investments in ten key sectors: automotive, energy, oil, information technology, media and entertainment, infrastructure and project development, real estate, healthcare, trading, banking and finance .

In the banking sector, Hinduja Group owns Hinduja Bank Switzerland, a private bank active in Europe, the Middle East and India, wealth management, private banking, trade finance and advice to large companies. This establishment was founded in Switzerland in 1978 and holds a Swiss banking license since 1994. He is based in Geneva and operates in Switzerland, Dubai, the United Kingdom, France, USA, in Mauritius and India.

Hinduja Group is the developer of IndusInd Bank, designed by SP Hinduja, the chairman. IndusInd Bank belongs to the new generation private sector banks in India. The bank began operations in 1994. It has 2 million customers and has a network of 1,225 outlets in India. Its stock reached 8 billion U.S. dollars.

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