Thursday, 6 December, 2007

Vistra finalises the acquisition of Monterey Group.

Following the press release made on 13 July 2007, Vistra is pleased to announce that it has now finalised the acquisition of 100% of the shares of Monterey Group. The transaction was completed on the 12th December after full approval from the Dutch Central Bank.

Monterey Group is the combination of Monterey, a fiduciary business formerly owned by Fortis, and Rijnhove Group, a Dutch accounting and fiduciary business with roots that go back to 1989. Monterey Group employs 37 staff, of which 32 are in The Netherlands and 5 are in Curaçao.

This acquisition not only strengthens Vistra’s presence in the Netherlands but also adds Curaçao to our global footprint. In The Netherlands, Vistra will now be able to serve customers from Breda, as well as Amsterdam, thus providing perfect coverage for two complimentary business feeder networks.

Monterey will be re-branded to Vistra in the course of the first quarter of 2008.