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Hong Kong-based Citychamp Watch & Jewellery Group agrees to buy Valartis Bank (Liechtenstein)

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Hong Kong-based Citychamp Watch & Jewellery Group agrees to buy Valartis Bank (Liechtenstein)

Citychamp Watch & Jewellery Group Ltd. said April 6 thaton March 24 it entered into an agreement to buy .

Citychamp agreed to buy 68.85% of the bank for approximately CHF77.4 millionfrom Valartis Finance HoldingAG, a unit of Valartis Group AG.

In addition, Citychamp offered to buy 29.45% of the bankfrom minority shareholders for up to CHF33.1 million.