On August 5, 2021, REYL & Cie announced that it will acquire a minority stake in 1875 Finance Holding SA.
Pursuant to the agreement, REYL & Cie (“REYL”) will acquire a 40% interest in 1875 Finance Holding SA (“1875 Finance”). As part of the deal, REYL and 1875 Finance will enter into a business partnership whereby REYL will act as preferred partner for 1875 Finance and its clients. The transaction is expected to close, subject to necessary regulatory approvals, by the end of this year. Further terms of the deal were not disclosed.
REYL, based in Geneva, Switzerland, is part of the Swiss banking group Fideuram – Intesa Sanpaolo Private Banking. As of December 31, 2020, REYL managed approximately CHF 15.5 billion in assets.
1875 Finance, based in Geneva, Switzerland, is an independent asset manager for private and institutional clients. 1875 Finance manages approximately CHF 11 billion in assets.
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