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Announced

Completed

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

Financials

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Transaction Value-
Consideration TypeCash, Ordinary Shares
Capital Owned75%
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Banks

Acquisition

Majority

Friendly

Public

Switzerland

banks

Single Bidder

Completed

Cross Border

Synopsis

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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.

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