Arner Bank sold its subsidiary AB&T
Arner Bank sold its subsidiary Arner Bank & Trust (Bahamas) Ltd. to Amber Bank & Trust Ltd.
Arner Bank is a Swiss-based private bank with operations in Lugano and Zurich. As part of its strategy to re-focus its business activities, the Bank has sold its wholly-owned, Nassau-based subsidiary Arner Bank & Trust Ltd., which provides a wide range of banking and trust services and is licensed under the Banks and Trust Companies Regulations Act 2000 in the Bahamas.
Amber Bank & Trust Ltd. is a Nassau-based bank, which is licensed by the Central Bank of the Bahamas for providing private banking and trust services.
Gut Corporate Finance acted as financial advisor to Arner Bank in this transaction. The mandate included the valuation of the business, investor search, supporting the seller with the overall management of the transaction, coordination of the due diligence process, as well as conducting negotiations regarding the share purchase agreement.