Landolt & Cie has been involved in several significant banking industry mergers and acquisitions over the years. One notable example is the acquisition of Banque Cantonale Vaudoise, a Swiss bank, in 1998.
The acquisition marked a major expansion for Landolt & Cie, increasing its presence in the Swiss banking market.
Broaden your view: Central Bank of Switzerland
Bank Mergers
Oddo BHF Bank has taken over Privatbank Landolt & Cie, a bank founded in 1780 in Lausanne, Switzerland. This means Landolt & Cie has lost its independence.
The acquisition will make Switzerland the third key market for Oddo BHF, alongside France and Germany. Thierry Lombard and Pierre Landolt, the owners of Landolt & Cie, will become significant shareholders of Oddo BHF with a 4% stake.
Oddo BHF plans to merge its Zurich-based bank with Landolt's bank by the end of the year, aiming to create a platform for the group's expertise in Switzerland.
Pierre Landolt and Thierry Lombard will become shareholders of Oddo BHF and Thierry Lombard will join the supervisory board of the group.
For more insights, see: EFG Bank European Financial Group
Sources
- https://en.wikipedia.org/wiki/Landolt_%26_Cie
- https://www.moneyhouse.ch/en/company/landolt-cie-sa-succursale-de-martigny-20416754381
- https://www.allnews.ch/content/corporate/oddo-bhf-et-landolt-cie-ont-finalis%C3%A9-leur-rapprochement
- https://www.fundssociety.com/es/noticias/private-banking/oddo-bhf-y-landolt-cie-culminan-su-proceso-de-fusion/
- https://www.handelszeitung.ch/news/oddo-bhf-bank-ubernimmt-privatbank-landolt-cie
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