trending Market Intelligence /marketintelligence/en/news-insights/trending/tMi8RB_cmBUist2EgWR9LA2 content esgSubNav
In This List

Valiant stake in Triba Partner Bank nears 90% as of May 19

Blog

Commercial Banking: June 22nd Edition

Blog

Commercial Banking Newsletter June Edition - 2022

Podcast

Street Talk | Episode 96: Considering recession risks, prospects that the Fed achieves a 'soft landing'

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push


Valiant stake in Triba Partner Bank nears 90% as of May 19

Valiant Holding AG said May 26 that it holds 89.8% of Triba Partner Bank AG's shares as of May 19 following its public tender offer to buy shares in Triba for CHF1,450 per share in cash.

Valiant held 16,822 shares or a 30.6% stake in Triba as of April 12, when it published its public tender offer. A total of 32,560 shares, or 59.2% of Triba's share capital, have been tendered under the offer, taking Valiant's stake beyond the two-thirds majority required for it to fully integrate Triba in 2018.

The public tender offer's extended acceptance period will end June 23. The tendered shares will be purchased two days later.