Creval Group: first tranche of Julius Baer Creval Private Banking shares transferred from Julius Baer Holding to the parent company Credito Valtellinese
Sondrio, 12 October 2005 - In reference to the press release sent out on 12 August 2005, a new announcement has been made that today, as part of the agreement reached with the Swiss group Julius Baer, the operation has been completed for transferring the first tranche of the shareholding in the bank "Julius Baer Creval Private Banking" ("JBCPB") from Julius Baer Holding A.G. to the parent company Credito Valtellinese. Specifically, the sale regards 1.273.749 ordinary shares, 41.0% of JBCPB share capital, for an overall sum of €7,637,254.90.
As a result of this transaction, Credito Valtellinese will increase its holding in JBCPB from 48.4% to 89.4%, whereas Julius Baer Holding A.G. will continue to hold 10% of share capital; this final share of equity is expected to be transferred to Credito Valtellinese by July 2006.
For more information, please contact:
General Office
Telephone: +39 0342/522.664
Email: dellapenna.alberto@creval.it
Diego Muffatti
Secretary of CV Board of Directors
Telephone: +39 0342/522.316
Email: muffatti.diego@creval.it
