Landolt & Cie has been involved in several significant banking industry mergers and acquisitions over the years. One notable example is the acquisition of Banque Cantonale Vaudoise, a Swiss bank, in 1998.
The acquisition marked a major expansion for Landolt & Cie, increasing its presence in the Swiss banking market.
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Bank Mergers
Oddo BHF Bank has taken over Privatbank Landolt & Cie, a bank founded in 1780 in Lausanne, Switzerland. This means Landolt & Cie has lost its independence.
The acquisition will make Switzerland the third key market for Oddo BHF, alongside France and Germany. Thierry Lombard and Pierre Landolt, the owners of Landolt & Cie, will become significant shareholders of Oddo BHF with a 4% stake.
Oddo BHF plans to merge its Zurich-based bank with Landolt's bank by the end of the year, aiming to create a platform for the group's expertise in Switzerland.
Pierre Landolt and Thierry Lombard will become shareholders of Oddo BHF and Thierry Lombard will join the supervisory board of the group.
A different take: Bank Lombard Odier & Co
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