Liechtensteinische Landesbank completed the acquisition of a 99.69% stake in Bank Linth.

Liechtensteinische Landesbank, a bank, completed the acquisition of a 99.69% stake in Bank Linth, a banking services provider. Financial terms were not disclosed. "Further development of Bank Linth is an important component of our ACT-26 strategy. We want to continue our successful cooperation of the past 15 years and work together to create added value for Bank Linth clients. Our business strategy is built on long-term relationships and sustainability. We hope that the Bank Linth shareholders will choose the partial exchange offer and that we will be able to welcome them as LLB shareholders. This will allow them to participate in the continued growth of the entire LLB Group and profit from an attractive and sustainable dividend policy with a distribution radio of more than 50 per cent of Group profit," Gabriel Brenna, Liechtensteinische Landesbank CEO.