Banks Graubündner KB acquires remaining 30 percent of BZ Bank

SDA

11.12.2024 - 22:04

Martin Ebner's former BZ Bank, headquartered in the Schwyz municipality of Freienbach, is now wholly owned by Graubündner Kantonalbank. (Archive photo of the BZ Bank headquarters in Freienbach)
Martin Ebner's former BZ Bank, headquartered in the Schwyz municipality of Freienbach, is now wholly owned by Graubündner Kantonalbank. (Archive photo of the BZ Bank headquarters in Freienbach)
Keystone

Graubündner Kantonalbank (GKB) is now also acquiring the remaining 30 percent of BZ Bank. GKB will thus become the sole shareholder of BZ Bank at the beginning of 2025.

The final step in the succession planning of BZ Bank by founder Martin Ebner will thus be completed, GKB announced on Wednesday. Martin Ebner and his wife Rosemarie had already sold the first 70 percent to GKB in 2022.

The option to acquire the remaining 30 percent was already agreed at that time. The collaboration with Ebner will continue after the complete takeover via his company Patinex Management AG.

GKB did not disclose the price of the transaction. With the purchase of the 70 percent stake a good two years ago, the client assets managed by the GKB Group rose to over CHF 50 billion at the time.

BZ Bank was founded in 1985 by Martin Ebner. It was then the linchpin of his activities. It focuses on advising professional, private and institutional clients on equity investments and equity holdings. In addition to listed securities, the bank is primarily active in the private equity sector.