The boards of directors of the SWX Group, SIS Group and Telekurs Group have signed a letter of intent to merge the three organisations.
Within the framework of the contemplated merger, the business activities of all three companies are to be combined under one roof. Subject to approval by the owners and responsible authorities, the transaction is expected to take effect in early 2008.
The directors are of the opinion that leveraging the activities of the three companies – which already today work closely together – and organising them under one roof is the best possible approach for meeting those challenges.
“With this contemplated merger, we will be strengthening the Swiss financial centre by offering integrated infrastructure that spans the entire value chain,” says Prof. Dr. Peter Gomez, Chairman of the Board, SWX Group.
With a view towards their planned merger, the SWX Group, SIS Group and Telekurs Group have nominated Dr. Urs Ruegsegger, Head of the Executive Committee of the St. Galler Kantonalbank, as CEO of the future combined enterprise.