Announced
Financials
Tags
Pending
Switzerland
Acquisition
Asset Managers and Custodians
asset management
Minority
Domestic
Private
Friendly
Single Bidder
Synopsis
Graubündner Kantonalbank, a Swiss cantonal bank, agreed to acquire a 30% stake in Twelve Capital Holding, an alternative asset manager. Financial terms were not disclosed. "We are proud to be able to take this step and thus strengthen our sound investment expertise and expand the range of investment solutions. We are pleased to be able to offer our customers new opportunities in this way," Daniel Fust, GKB CEO.
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