Cembra Money Bank has reached an agreement to acquire 100% of the shares of SWISSBILLING.
The transaction consideration was below CHF 10 million and is expected to have a negative impact of 0.1% on the Group’s CET1 ratio as at closing.
The transaction is expected to close within the first quarter of 2017.
Walder Wyss advises Cembra Money Bank on this transaction with a team led by Markus Pfenninger (Partner, Banking Finance, in picture), Alex Nikitine (Partner, Capital Markets/Corporate M&A), Fabian D. Glässer (Associate, Banking Finance) und Christoph Stutz (Associate, Corporate/Employment).
Law Firms: Walder Wyss Ltd.;
Clients: Cembra Money Bank AG;