Wednesday, 16 May, 2007

Vistra acquires Benelux Trust.

Vistra is proud to announce that it reached an agreement regarding the sale of 100% of Benelux Trust to the Vistra Group. The sale is subject to regulatory approval in Luxembourg. The acquisition of Benelux Trust fits in perfectly with Vistra’s objective to further develop its business in designated key jurisdictions. The addition of a Luxembourg presence has been a key priority, since Luxembourg is an excellent location benefiting from an extensive tax treaty network, a highly skilled workforce and a favourable legislative environment.

Benelux Trust started its activities in 1990 and is now one of the leading independent providers of corporate and fiduciary services in Luxembourg, to mainly corporate clients. The core activities of Benelux are the incorporation, management and administration of Luxembourg Companies and Special Purpose Vehicles. Benelux employs some 45 professionals. With the addition of Benelux Trust to our global network Vistra is now able to address the various needs of its clients being private individuals, their businesses as well as larger corporations and institutions.

Click here for the full press release.