Investcorp to acquire undisclosed Swiss private bank in London
Acquisition of a significant but less than majority interest.
Bahrain-based asset management company, Investcorp, has agreed to acquire an interest in a Swiss private bank in London. In an announcement on Bahrain Bourse on 17 August 2017, revealed that that it has agreed to acquire a significant but less than majority interest in a Swiss private bank. Completion of the transaction is subject to various regulatory approvals and the transaction is expected to close prior to the end of calendar year 2017.