Panama-based Mercantil Servicios Financieros Internacional SA has taken ownership of Switzerland's Mercantil Bank (Schweiz) AG from Venezuela-based parent Mercantil Servicios Financieros CA, according to a Sept. 9 filing.
The Panamanian entity, which recently registered to list its shares on Panama's BVP stock exchange, said that it acquired 100% of the Swiss unit's shares through its Mercantil Holding Financiero Internacional SA subsidiary.
The move comes after the Venezuelan parent completed a spinoff of Florida-based Mercantil Bank Holding Corp. earlier this year.
