Pestalozzi advises Valartis on the sale of Valartis Bank (Liechtenstein) AG to Citychamp
Valartis Finance Holding AG sold all of its shares and participation certificates in Valartis Bank (Liechtenstein) AG, the sixth largest bank in Liechtenstein, to Hong Kong Stock Exchange listed Citychamp Watch & Jewellery Group Ltd. Valartis Finance Holding AG is the Liechtenstein-based finance holding of the SIX Swiss Exchange listed Valartis Group AG. It held approx. 70 percent of the share and participation capital in Valartis Bank (Liechtenstein) AG. The sales price amounted to CHF 77.7 million. The transaction was subject to certain approvals (incl. approval by the Financial Market Authority (FMA) Liechtenstein and the Hong Kong Stock Exchange (clearance of shareholder circular). Pestalozzi acted as legal advisor to Valartis in this transaction.