The Liechtensteinische Landesbank wants to take over 100 percent of the Bank Linth shares. The institute announced this in a press release. The LLB is making the shareholders an offer for this: They can choose between a partial exchange offer with five LLB shares and a cash component of 323 Swiss francs or a full cash payment of 600 Swiss francs. The latter is equivalent to a premium of more than 20 percent compared to the most recent average prices and a valuation of 483 million euros.
The Liechtensteinische Landesbank is financing the deal from its own resources, and the institute is buying the necessary treasury shares from its majority shareholder, the state of Lichtenstein. So far, the LLB has owned 74.9 percent of the Bank Linth shares, after the complete takeover it will then disappear from the stock exchange. The management and the board of directors of Bank Linth recommend that the shareholders accept the offer.
Bank Linth is primarily to expand the private and corporate customer business as well as the private banking of the LLB in Switzerland. The Liechtenstein money house had already taken a majority stake in the Swiss bank in 2007. At the end of 2020, Bank Linth had assets under management of over 7.5 billion Swiss francs and total assets of over 8.3 billion Swiss francs. The institute has a total of 19 branches.
The Liechtensteinische Landesbank is primarily active in wealth management and acts as a universal bank, in private banking, asset management and fund services. At the end of 2021, the business volume of the entire group was 106 billion Swiss francs. The LLB is represented in Liechtenstein, Switzerland, Austria and the United Arab Emirates.
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