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.
Source: http://www.norinvest.ch/