Valartis acquires Jelmoli Bonus Card AG
(Thomson Reuters ONE) -
Valartis Group AG / Valartis acquires Jelmoli Bonus Card AG processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Valartis Group AG today acquired 72.5% of the shares of Jelmoli Bonus Card AG.
Together with Valartis Bank AG, which has held a 27.5% stake in Jelmoli Bonus
Card AG since its creation, the Group thus owns 100% of the credit card and
client retention specialist's capital and votes. The seller is Jelmoli Holding
AG, a company belonging to Swiss Prime Site AG. The parties have agreed not to
disclose details of the purchase price.
Through the full acquisition of Jelmoli Bonus Card AG, the Valartis Group is
taking the opportunity to consolidate and expand its involvement in the credit
card business. Gustav Stenbolt, CEO of the Valartis Group and Chairman of the
Board of Directors of Jelmoli Bonus Card AG, initiated the company's entry into
credit card operations on an international level via the establishment of
Jelmoli Bonus Card AG and the launch of the free Visa Bonus Card in mid-2006.
Since then, the company has continued to grow successfully and shows attractive
growth potential. The "Half-fare travelcard with free Visa card", which was
successfully launched in 2008 in cooperation with the Swiss Federal Railways
(SBB), bears witness to this.
With over 300,000 credit cards in circulation and card revenues totalling CHF
700 million, Jelmoli Bonus Card AG has a strong footing in the Swiss credit card
market. Client acquisitions and the launch of innovative card products and
client retention schemes continue to be central to the company's growth
strategy. Concerted efforts will also be made to expand the Bonus Card partner
network, of which Jelmoli's "The House of Brands" department store remains a
member. Jelmoli Bonus Card AG will continue to be run under its existing
management as a mainly autonomous company within the Valartis Group.
If you have any questions, please contact:
Gustav Stenbolt, CEO Valartis Group
Tel. +41 43 336 81 11
[HUG#1419746]
--- End of Message ---
Valartis Group AG
Sihlstrasse 24 Zürich null
Media Release (PDF): http://hugin.info/143135/R/1419746/369676.pdf
Unternehmensinformation / Kurzprofil:
Datum: 28.05.2010 - 18:01 Uhr
Sprache: Deutsch
News-ID 21664
Anzahl Zeichen: 0
contact information:
Town:
Zürich
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 336 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Valartis acquires Jelmoli Bonus Card AG"
steht unter der journalistisch-redaktionellen Verantwortung von
Valartis Group AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
