Vontobel could make acquisitions (translated)
14 JAN 2019
Vontobel [SWX:VONN], the Swiss banking group, could make acquisitions, NZZ am Sonntag reported.
The report cited Vontobel Director Bjorn Wettergren, while speaking in a brief interview as saying that suitable acquisitions, along similar lines as the acquisition of Bank Notenstein La Roche, could be made. However, the bank is not striving for a size for the sake of it, he added.
Wettergren was further quoted as saying that the bank focuses on profitable niches, and noted that many acquisitions do not pay off, but he would not delay should a suitable target be available.