SNB buys majority stake in Landqart AG

Reports out are saying that SNB acquires 90% of shares in the company

Landqart AG is a Swiss company that manufactures supplies high-security papers. They offer substrates for banknote, passport, and visa labels.

SNB says the 90/10 split will also acquire Landqart Management and Services - as the company holds the relevant patents for Landqart's activities.

The price for the acquisition of both companies is CHF 21 million.

You need to spend money to "make" money, eh?

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