Alternative investment, corporate and private client administrator Ocorian, which operates from Jersey, is to purchase two affiliated corporate service providers based in Europe – Intruad Management Services in Amsterdam and Intruma Corporate Services in Luxembourg.
Ocorian says the acquisition will extend its international reach and corporate services offering into the Netherlands, while growing its Luxembourg proposition. All management and staff from each location will join the combined operation.
The transaction is expected to close towards the end of this year, subject to regulatory approvals. Terms of the agreement are not being disclosed.