New Value AG (SWX:NEWN) agreed to acquire remaining stake in TLNT Holdings S.A. on June 15, 2021. As part of the transaction New Value signed an acquisition agreement for the remaining 49.46% of the series A shares and 97.78% of the series B shares of TLNT Holdings SA, Luxembourg, in exchange for cash and new New Value shares with a nominal value of CHF 1 each. The transaction is subject to approval of by board and shareholders of New Value. As of June 18, 2021, the shareholders of New Value approved the planned capital increase for the financing of the transaction, at an extraordinary general meeting. The required capital will be in two tranches by a total of CHF 7.64 million increased.

New Value AG (SWX:NEWN) completed the acquisition of remaining 50% stake in TLNT Holdings S.A. on June 24, 2021. On May 20, 2021 Talenthouse AG acquired 48% of the issued share capital of TLNT Holdings SA and a further 50% stake on 24th June 2021 for total consideration of $8.6 million (CHF 7.9 million).