The deal is part of Swissfirst’s strategic review, which was announced in August. No further details of the transaction, which is subject to customary closing conditions, were disclosed.
In other recent news, a Swissfirst pension fund manager was arrested in September in connection with an ongoing investigation into alleged insider trading in relation to the merger of Swissfirst and Bellevue. The investigation was launched after a single shareholder questioned the legality of the transaction and lodged legal action. Swissfirst has dismissed the allegation as completely unfounded.
