Dresdner Bank Luxembourg S.A., a unit of Frankfurt-based Dresdner Bank AG, said Thursday that it plans to buy a Dutch asset management company.
Veer Palthe Voute Capital Asset Management is based in Gouda, Holland, and specializes in private banking and institutional investing, a Dresdner spokesman said. The company manages $725 million. The acquisition would let Dresdner capitalize on Europe's growing asset management market, he said. Terms were not disclosed and it is unclear when the deal will close.