Compagnie Financiere Tradition SA to acquire 30% of CM Capital Markets Holding SA, a leading brokerage group in Spain and Brazil
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Compagnie Financière Tradition /
Compagnie Financiere Tradition SA to acquire 30% of CM Capital Markets Holding
SA, a leading brokerage group in Spain and Brazil
Processed and transmitted by Thomson Reuters.
The issuer is solely responsible for the content of this announcement.
Compagnie Financière Tradition SA ("CFT") and CM Capital Markets Holding SA
("CMH") are pleased to announce that CFT, together with CMH and the management,
have agreed to acquire 30% and 15,2% shareholdings in CMH, respectively, from
The Royal Bank of Scotland NV ("RBS NV"), formerly ABN AMRO Bank NV, a member
of The Royal Bank of Scotland Group. RBS NV had been a minority shareholder in
CMH since 1990 alongside founders, management and employees of CMH and by
selling its present 45,2% shareholding in CMH, RBS NV will completely step down
from the company.
The agreement is subject to applicable regulatory approvals.
CMH, a privately-held group established in 1986 in Madrid (Spain) and in 1998 in
São Paulo (Brazil), is an interdealer broker (IDB) specialised in monetary,
futures, government bonds, equity, capital markets and energy products brokerage
activities in Europe and Brazil. Core services include interest rate and equity
derivatives products, in both listed and OTC segments of the markets. CMH,
through its subsidiaries, is one of the most active IDB on BM&F Bovespa, the
Brazilian exchange, and in the Brazilian Government Debt market and also one of
the leading brokerage groups in Spain. You can also find more information about
CM Capital Markets Holding at www.capi.es.
With a presence in 27 countries, CFT is one of the world's leading interdealer
brokers (IDB). The Group provides broking services for a complete range of
financial products (money market products, bonds, interest rate, currency and
credit derivatives, equities, equity derivatives, interest rate futures and
index futures) and non-financial products (energy and environmental products,
and precious metals). Compagnie Financière Tradition SA is listed on the SIX,
Swiss Stock Exchange (CFT). You can find out more about Tradition Group at
www.tradition.com.
The acquisition is aimed at helping the further development of CM Group
activities in its home markets and strengthening CFT position within Spain and
Latin America, through cross selling and complementary product expertise.
Lausanne, 3 December
2010
Press contacts:
Compagnie Financière Tradition SA Rochat & Partners
Patrick Combes, CEO Philippe Dunant
Tel.: +41 21 343 52 78 Tel.:
+41 22 718 37 42
[HUG#1468411]
--- End of Message ---
Compagnie Financière Tradition
Langallerie 11 Lausanne Switzerland
WKN: 870121;ISIN: CH0014345117;
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Börse Berlin,
Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;
Press release CFT :
http://hugin.info/133362/R/1468411/405865.pdf
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other applicable laws; and
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originality of the information contained therein.
Source: Compagnie Financière Tradition via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 03.12.2010 - 07:30 Uhr
Sprache: Deutsch
News-ID 49367
Anzahl Zeichen: 4130
contact information:
Town:
Lausanne
Kategorie:
Business News
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