NORINVEST HOLDING SA (“NIH”) communicates that its fully-owned subsidiary Banque Cramer & Cie SA (“BCC”) has sold a majority interest (85%) in its fully-owned subsidiary Private Investment Bank Limited (“PIBL”), an independent and fully-licensed bank with registered office in Nassau, The Bahamas, to IPG Securities Asset Management Ltd, Nassau, a fully-owned subsidiary of IPG Securities Asset Management SA, Geneva (“IPG”).
