The board of directors of Bank Linth acting through its independent directors committee supports the tender offer by LLB and has entered into a transaction agreement with LLB on 26 January 2022. Given LLB's own listing at SIX Swiss Exchange, the planned discontinuation of Bank Linth's listing shall reduce complexity and increase the focus on client services. The contemplated transaction will also strengthen Bank Linth's proven standing within the LLB Group with a view to its further strategic development. At the same time Bank Linth's identity and ties with the region remain untouched.

Schellenberg Wittmer is acting as legal counsel to Bank Linth and its independent directors committee in this transaction. The team includes Lorenzo Olgiati, Martin Weber, Daniele Simoniello and Laura Roth (all Corporate/M&A).