22 March 2016 – On 22 March 2016, J. Safra Sarasin Holding AG entered into an agreement with Credit Suisse AG regarding the sale and purchase of all shares in Credit Suisse (Monaco) S.A.M. The transaction is subject to customary conditions, including regulatory approvals and is expected to complete before the end of 2016. Once the transaction is completed, the combined operations would rank among the largest banks in Monaco.

On the same day, J. Safra Sarasin Holding AG entered into a separate agreement with Credit Suisse AG regarding the sale and purchase of all shares in Credit Suisse (Gibraltar) Limited. Credit Suisse (Gibraltar) has been operating since 1987 and is considered as one of the leading banks in Gibraltar.

Walder Wyss is advising J. Safra Sarasin Holding AG on both transactions. The Walder Wyss team includes Patrick W. Vogel (Partner, Corporate/M&A and Banking & Finance), Adriano Antonietti (Associate, Corporate/M&A and Banking & Finance), Michael Isler (Managing Associate, IP/IT) and Reto Jacobs (Partner, Antitrust).