4 November 2013

IPO Cembra Money Bank AG



On 30 October 2013, Cembra Money Bank AG (formerly GE Money Bank AG) listed its shares on the SIX Swiss Exchange. In connection with the IPO, the controlling shareholder, GE Capital Swiss Funding AG, a subsidiary of General Electric Inc., USA, publicly sold a majority stake in the company. The issue price was set at CHF 51 per share. The market capitalisation of Cembra Money Bank amounts to approx. CHF 1.5 bn.

Walder Wyss has advised the issuer Cembra Money Bank in this transaction. The team has been led by Markus Pfenninger (Partner, Banking Finance) and Alex Nikitine (Managing Associate, Capital Markets, Corporate/M&A) and included Mark Reutter (Partner, IP/IT), Magda Streuli-Youssef (Partner, IP/IT), Maurus Winzap (Partner, Tax), David Borer (Associate, Banking Finance) and Ramona Wyss (Junior Associate, Banking Finance).

News

News

4 November 2013

IPO Cembra Money Bank AG

On 30 October 2013, Cembra Money Bank AG (formerly GE Money Bank AG) listed its shares on the SIX Swiss Exchange. In connection with the IPO, the controlling shareholder, GE Capital Swiss Funding AG, a subsidiary of General Electric Inc., USA, publicly sold a majority stake in the company. The issue price was set at CHF 51 per share. The market capitalisation of Cembra Money Bank amounts to approx. CHF 1.5 bn.

Walder Wyss has advised the issuer Cembra Money Bank in this transaction. The team has been led by Markus Pfenninger (Partner, Banking Finance) and Alex Nikitine (Managing Associate, Capital Markets, Corporate/M&A) and included Mark Reutter (Partner, IP/IT), Magda Streuli-Youssef (Partner, IP/IT), Maurus Winzap (Partner, Tax), David Borer (Associate, Banking Finance) and Ramona Wyss (Junior Associate, Banking Finance).