Announced on the 7th of August, 2018
Swissquote said on Tuesday it will acquire Luxembourg-based Internaxx Bank SA for 27.7 million euros ($32 million).
The deal will primarily give SwissQuote the ability to serve expat clients since that is the specialty of Internaxx. The acquisition is subject to regulatory approval, which is expected to take place in the first half of 2019. There are no changes in the near future due to the announcement.
SwissQuote has been on the lookout for additional acquisition prospects.
Internaxx has 16 years’ experience servicing international investors and expatriates in over 150 countries.
View the press release, click here.