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Standard Chartered agrees to acquire 100% of Zodia Custody
Standard Chartered has signed definitive agreements to acquire all of Zodia Custody Limited, five months after Zodia’s shareholders and noteholders accepted the bank’s non-binding offer. The transaction remains subject to regulatory approvals and customary closing conditions, and financial terms were not disclosed. Zodia Custody owns regulated operating entities in Singapore, Hong Kong, Australia, the United Arab Emirates, and Luxembourg.
After the transaction closes, Zodia’s custody operations will join Standard Chartered’s Securities Services division. Its software and professional services…
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