Thurgauer Kantonalbank (SWX:TKBP) acquired additional unknown minority stake in Arete Ethik Invest AG on March 13, 2024. Through the partnership with Arete, TKB wants to strengthen its competence as an investment bank and expand its offering around sustainable investing. Arete Ethics Invest AG continues to operate independently and independently on the market; nothing changes in the business philosophy. TKB will hold around 25% of the share capital and sit on the board of directors.
Thurgauer Kantonalbank (SWX:TKBP) completed the acquisition of additional unknown minority stake in Arete Ethik Invest AG on March 13, 2024. CFM partners ag acted as exclusive financial advisor to Thurgauer Kantonalbank.