Liechtensteinscher Bankenverband Englisch
  • Contact
  • Sitemap
  • Intranet
Search
De
En
  • Banking Centre
    • Location Advantage
    • Facts & Figures
    • Villa Wirbelwind
  • Bankers Association
    • Roadmap 2025
    • Organisation
      • Member Banks
      • Associate Members
      • Board
      • Secretariat
    • Rules and Regulations
    • Network
  • Bank Clients
    • Payments
      • QR-bill
      • kontenvergleich.li
    • Mortgage credits
    • Consumer Protection
      • Investor Protection
      • Deposit Guarantee Scheme
      • Complaints
    • Avoiding Dormant Assets
    • Cyber Security
  • Newsroom
    • LBV-News
    • Member news
  • Topics
    • Sustainability
      • Liechtenstein Initiative
    • Brexit
    • Digitalisation
    • Anti-Money Laundering
    • Regulation
    • Taxes
    • Education and Training
      • Basic Training
      • Continuing Training
      • Financial Literacy
  • Events
    • Past events
close_search
Search Site
close_search
  • Banking Centre
    • Location Advantage
    • Facts & Figures
    • Villa Wirbelwind
  • Bankers Association
    • Roadmap 2025
    • Organisation
      • Member Banks
      • Associate Members
      • Board
      • Secretariat
    • Rules and Regulations
    • Network
  • Bank Clients
    • Payments
      • QR-bill
      • kontenvergleich.li
    • Mortgage credits
    • Consumer Protection
      • Investor Protection
      • Deposit Guarantee Scheme
      • Complaints
    • Avoiding Dormant Assets
    • Cyber Security
  • Newsroom
    • LBV-News
    • Member news
  • Topics
    • Sustainability
      • Liechtenstein Initiative
    • Brexit
    • Digitalisation
    • Anti-Money Laundering
    • Regulation
    • Taxes
    • Education and Training
      • Basic Training
      • Continuing Training
      • Financial Literacy
  • Events
    • Past events
  • Contact
  • Sitemap
  • Intranet
Financial services

LLB plans to delist Bank Linth

27 Jan 2022
  • print print
Vaduz/Uznach - Liechtensteinische Landesbank (LLB) intends to acquire the remaining 25 percent of shares ofBank Linth, based in Uznach in the canton of St.Gallen. With LLB already holding a 75 percent stake, this would increase its equity share to 100 percent. Both banks are in favor of the takeover. Following this process, LLB plans to delist Bank Linth from the SIX Swiss Exchange.

Newsletter

According to a press release issued by LLB, the bank, which is majority owned by the Principality of Liechtenstein, is planning to complete a full takeover of Bank Linth, headquartered in Uznach in Eastern Switzerland. Shareholders have been offered a choice between full cash settlement at 600 Swiss francs per share or partial exchange for LLB shares with a cash component. In the latter, a total of 323 Swiss francs and five LLB shares are offered in exchange for one Bank Linth share. Both the Board of Directors and Management Board of Bank Linth have recommended that shareholders accept the offer, the press release states.

LLB acquired a stake of 75 percent in Bank Linth as far back as 2007. Following the completion of the full takeover, LLB intends to delist Bank Linth from the SIX Swiss Exchange. This move would allow Bank Linth to “concentrate fully on its clients and their needs while at the same time reducing complexity and cutting costs”, LLB writes in the press release. For its part, LLB will continue to be listed on the same stock exchange.

“We hope that the Bank Linth shareholders will choose the partial exchange offer and that we will be able to welcome them as LLB shareholders”, comments Gabriel Brenna, LLB Group CEO, in the press release, before adding: “This will allow them to participate in the continued growth of the entire LLB Group and profit from an attractive and sustainable dividend policy with a distribution ratio of more than 50 percent of Group profit”.

  • Disclaimer
  • Privacy Policy
  • Legal Notice

So that we can send you our newsletter, we need your express consent to process and pass on your personal data. By providing us with your email address and clicking the check box, you give your consent that we may send you news about the Bankers Association and our newsletter, and that we may process your personal data for that purpose.

By clicking the check box, you also confirm that you have taken note of our web notice and general data protection information. This consent is voluntary.

You are entitled at any time to request the LBA for information on the data we store about you. You can also exercise your right of withdrawal at any time without giving reasons and withdraw your declaration of consent with effect for the future by unsubscribing from the newsletter either by email (info@bankenverband.li) or directly via the link in the newsletter message.