Sat 04 Apr 2007IFG acquires Swiss company for €6.5mDublin-based financial services group IFG announced yesterday
that it has bought a Swiss firm for more than €6.5 million.
The acquisition of Gestinor, a specialist financial services
company with offices in Zurich and Zug, was made through the
group's subsidiary, IFG Suisse.Of the total maximum consideration of €6.56 million,
€2.25 million was paid by IFG on completion of the sale.
Payment of the outstanding balance will depend on Gestinor's
turnover in 2007 and 2008.