Banca Generali completes acquisition of Valeur Fiduciaria
Banca Generali has completed the acquisition of a 90.1% share in the private banking boutique Valeur Fiduciaria, based in Lugano, Switzerland.
The deal is part of Banca Generali's wider private-banking internationalisation and growth strategy launched with a view to strengthening the range of services offered, now complemented by Valeur Fiduciaria's distinctive wealth management expertise .
In this transaction, 5Lex and KPMG acted, respectively, as legal advisor and financial advisor for Banca Generali, whereas Lucheschi from Lugano and Gentili & Partners acted as legal advisors for Valeur Fiduciaria.
The remaining 9.9% continues to be held by the sellers - who are also members of Valeur's new governance structure - without prejudice to Banca Generali's option to acquire the minority interest, the company said in a statement.
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