Graubündner Kantonalbank (GKB) is selling its 30% stake in Twelve Capital to the management of the management company.
The package, originally purchased in 2022, was aimed at reducing GKB’s dependence on interest income and increasing the contribution of the investment business to its overall results. He is now selling it due to Twelve Capital’s growing international focus.
GKB expects the sale to result in an extraordinary profit of approximately CHF 4 million for the current year and a slight change in operating results.