Intesa Sanpaolo Moves to Buy a 69% Stake in REYL & Cie
Posted on 10/15/2020
Italian banking giant Intesa Sanpaolo S.p.A. is purchasing a 69% stake in Swiss private bank REYL & Cie. The transaction will include Intesa Sanpaolo merging its Swiss private banking subsidiary with REYL.
REYL was founded in 1973. REYL runs five business lines: Wealth management, entrepreneur and family office services, corporate advisory and structuring, asset services and asset management.
REYL was advised on this transaction by Deloitte SA and Schellenberg Wittmer Ltd.
Fideuram was advised by Studio Pedersoli, PwC Strategy&, and CFM.
In 2018, Intesa Sanpaolo completed its purchase of Swiss private bank Banque Morval SA.