The Principality’s Banque Havilland SAM branch has announced that on July 25, its parent company entered into exclusive negotiations with a prominent private bank in Monaco regarding the acquisition of its shares. This strategic move aims to secure a long-term, sustainable solution to maintain the continuity and excellence of Banque Havilland’s banking services.
While the counterpart’s name remains undisclosed, the bank’s management highlighted that the potential transaction aligns with their development strategy. The involved private bank boasts one of the highest solvency ratios in the industry and an excellent track record in Monaco.
A representative of Banque Havilland Monaco told NEWS.MC that “we are pleased to engage in this transaction which in the best interest of clients and employees.” Both parties anticipate finalising the agreement by the end of this year, subject to approval by relevant regulatory authorities.
