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Vontobel Expected To Acquire Swiss Investment House

Tom Burroughes Editor London 9 July 2009

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Vontobel, the Swiss private banking group, is planning to acquire BB Medtech, a Swiss-listed investment company, in a share-swap transaction, the bank said.

The private bank wants shareholders of BB Medtech to convert their stocks of the current company into a Luxembourg-registered fund, a statement said.

Vontobel employs 1,300 staff in 19 locations around the world. BB MEDTECH was established as an investment company in Schaffhausen in November 1995 and its principal focus is investing in companies within the global medical technology industry.

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