EANS-Adhoc: Valartis Group acquires Hypo Investment Bank (Liechtenstein) AG

ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.


The acquisition of Hypo Investment Bank (Liechtenstein) AG is a substantial addition to the private banking activities of Valartis Group, taking assets under management to around CHF 6 billion. The Liechtenstein private bank is a subsidiary of Vorarlberger Landes- und Hypothekenbank AG, Bregenz, and has 50 employees servicing around 4,500 high net worth individuals.

Private banking focused on growth markets
Hypo Investment Bank (Liechtenstein) AG was set up with a full banking licence in 1998 and provides private banking services to a mainly international client base. Assets under management in mid-2009 were CHF 1.6 billion. The focus of the bank's activities is on continental Europe. Recent past has seen a drive to expand the presence in the growth markets of East and South-East Europe, the Middle East, South America and Asia.

Steady expansion
Expanding private banking is at the heart of Valartis Group´s growth strategy. After the acquisition of a Private Bank in Vienna in December 2008 and the acceleration of private banking activities in Zurich and Geneva, the purchase of Hypo Investment Bank marks a further step in the Group´s efforts to boost profitability and broaden its base. Assets under management at Valartis will rise to around CHF 6 billion and the client base will reach roughly 9,000 after the transaction. This will open up new markets and potential business for the Group, as well as reinforce the presence in the countries of Eastern Europe. Clients will also benefit from the wider range of services on offer.

Hypo Investment Bank (Liechtenstein) AG will continue to be run as a largely independent subsidiary by the management team which was responsible for the successful growth strategy of recent years.

Valartis today signed a purchase agreement with Vorarlberger Landes- und Hypothekenbank AG of Bregenz, Austria to acquire Hypo Investment Bank (Liechtenstein) AG. The parties have agreed not to disclose details of the purchase price. Valartis Group is financing the transaction from its own resources. Subject to regulatory approvals, the acquisition should be completed in the fourth quarter of 2009.

Rückfragen & Kontakt:

Gustav Stenbolt, CEO Valartis Group
Phone +41 43 336 81 11
Ende der Mitteilung euro adhoc

emitter: Valartis Group AG
Blegistrasse 11a
CH-6340 Baar
phone: +41 (0)44 215 63 60
FAX: +41 (0)44 215 63 90
mail: d.reptsis@valartis.ch
WWW: http://www.valartis.ch
sector: Financial & Business Services
ISIN: CH0001840450
indexes: SPI, SPIEX, SSCI

stockmarkets: official market: SIX Swiss Exchange
language: English


OTS0314 2009-09-16/18:45

161845 Sep 09