Merger of BANQUE CRAMER & CIE SA and BANQUE DE PATRIMOINES PRIVES GENEVE BPG SA
The Board of Directors of NORINVEST HOLDING SA (NIH) wishes to confirm that, following the acquisition on 15 May 2009 of 100% of the share capital of Banque de Patrimoines Privés Genève BPG SA, including its branch in Zurich and its Bahamian subsidiary, the planned merger with its subsidiary BANQUE CRAMER & CIE SA took place retroactively on 1 January 2010.
The corporate name of the acquirer, BANQUE CRAMER & CIE SA, has been retained and there will be no change in the composition of its Board of Directors.
As the two banks are owned by the same company, this merger has not given rise to an increase in capital or an allotment of shares.
This transaction is part of the Norinvest Group’s strategy of expanding its banking business.
