{"id":9179,"date":"2017-02-15T09:57:11","date_gmt":"2017-02-15T09:57:11","guid":{"rendered":"https:\/\/www.banquecramer.ch\/?p=9179"},"modified":"2022-04-12T18:23:38","modified_gmt":"2022-04-12T18:23:38","slug":"aborted-closing-of-the-sale-by-banque-cramer-cie-sa-of-a-majority-interest-in-private-investment-bank-limited","status":"publish","type":"post","link":"https:\/\/www.banquecramer.ch\/en\/aborted-closing-of-the-sale-by-banque-cramer-cie-sa-of-a-majority-interest-in-private-investment-bank-limited\/","title":{"rendered":"Aborted closing of the sale by Banque Cramer &#038; Cie SA of a majority interest in Private Investment Bank Limited"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"9179\" class=\"elementor elementor-9179\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-544492b4 elementor-section-height-min-height elementor-section-items-stretch elementor-section-boxed elementor-section-height-default\" data-id=\"544492b4\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wider\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-23447a91\" data-id=\"23447a91\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1719101e elementor-widget elementor-widget-heading\" data-id=\"1719101e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 20-08-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Aborted closing of the sale of a majority interest in Private Investment Bank Limited<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6a9656ef\" data-id=\"6a9656ef\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6af9fe30 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6af9fe30\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-446d91ea\" data-id=\"446d91ea\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-27599745 elementor-widget elementor-widget-heading\" data-id=\"27599745\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Media release- 15 February 2017<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2ce2be03 elementor-widget elementor-widget-text-editor\" data-id=\"2ce2be03\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 20-08-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Norinvest Holding SA (&#8220;NIH&#8221;) communicated on 23 August 2016 that its subsidiary Banque Cramer &amp; Cie SA (&#8220;BCC&#8221;) signed an agreement with IXE Capital Bahamas in connection with the sale and purchase of a majority interest in its subsidiary Private Investment Bank Limited (&#8220;PIBL&#8221;), an independent and fully-licensed bank with registered office in Nassau, the Bahamas.<\/p><p>IXE Capital Bahamas is an entity controlled by a group of strategic partners composed of IXE Holding AG, IPG Securities Asset Management SA and TR4 Holding SA.<\/p><p>While BCC fulfilled all of its contractual obligations, IXE Capital Bahamas failed to pay the agreed consideration on the closing date. IXE Capital Bahamas is therefore in breach of agreement.<\/p><p>These events bear no particular impact on PIBL&#8217;s operations. BCC will continue to own the entire share capital of PIBL, which will be managed as an independent entity, as in the past. PIBL&#8217;s business is healthy and the beginning of 2017 looks positive. PIBL&#8217;s stable and loyal team is confident in its ability to reach also in 2017 the good results achieved in 2016.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-92e5330 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"92e5330\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm elementor-animation-float\" href=\"https:\/\/www.banquecramer.ch\/wp-content\/uploads\/2021\/12\/Norinvest-Press-release-15.02.17.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Download the release<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Aborted closing of the sale of a majority interest in Private Investment Bank Limited Media release- 15 February 2017 Norinvest Holding SA (&#8220;NIH&#8221;) communicated on 23 August 2016 that its subsidiary Banque Cramer &amp; Cie SA (&#8220;BCC&#8221;) signed an agreement with IXE Capital Bahamas in connection with the sale and purchase of a majority interest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6422,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","footnotes":""},"categories":[27],"tags":[52],"_links":{"self":[{"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/posts\/9179"}],"collection":[{"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/comments?post=9179"}],"version-history":[{"count":0,"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/posts\/9179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/media\/6422"}],"wp:attachment":[{"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/media?parent=9179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/categories?post=9179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/tags?post=9179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}