Notenstein Private Bank Ltd increased its stake in EFG Financial Products Holding Ltd
Notenstein Private Bank (a subsidiary of Raiffeisen Switzerland Cooperative), increased its stake of 2.5% in EFG Financial Products Holding Ltd to 22.75 % (SIX: FPHN), the parent of former EFG Financial Products AG, a Swiss structured investment service provider, which operates under the new name Leonteq Securities AG. The transaction was closed in the first half of the year of 2013. Froriep was assisting Raiffeisen Switzerland Cooperative as lead transaction counsel. The Froriep team was lead by M&A partner Dr Beat M Barthold and Banking/Regulatory partner Dr Ansgar Schott.
Notenstein Private Bank Ltd will also be issuing its own structured investment products guaranteed by Raiffeisen Switzerland Cooperative for the Swiss home market as part of a white-labeling partnership with Leonteq Securities AG. Notenstein Private Bank Ltd will be offering structured products under its own name and will become Leonteq Securities’ most important white-labeling partner going forward.