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Valartis Group AG : Liechtenstein-based Valartis Finance Holding AG's recovery successfully concluded - completion of recovery plan for Valartis Group AG expect

Valartis Group AG / Liechtenstein-based Valartis Finance Holding AG's recovery
successfullyconcluded - completion of recovery plan for Valartis Group AG
expected at end-November. Processed and transmitted by Nasdaq Corporate
Solutions. The issuer is solely responsible for the content of this
Based on today's decision, the Princely Court of Liechtenstein has approved
the application for termination of bankruptcy deferment for Valartis Finance
Holding AG following the successful conclusion of the recovery
process.[1]Valartis Finance Holding AG is the Liechtenstein-based financial
holding company of Valartis Group AG, Baar, Switzerland. After closing of the
sale's transaction for the Liechtenstein banking group on 20 September
2016,[2]all outstanding liabilities have now been settled, and the company is
fully recovered and free of debt. This means that Valartis Group AG is now
also able to finalize its recovery plan and to apply to the Cantonal Court of
Zug, Switzerland for the lifting of the Swiss moratorium.[3]The approval by
the Cantonal Court of Zug is expected at end-November 2016.


General Meeting 2017 16 May 2017

For further information, please contact:

Kim-My Schefer, Head Corporate Communications&Marketing, Valartis Group AG
Tel. +41 44 503 54 02,

Valartis Group

Valartis Group is an international finance group with offices in Switzerland,
Luxembourg, as well as Moscow and St. Petersburg. Valartis Group AG (Baar,
Switzerland) is listed on the Swiss stock exchange, SIX Swiss Exchange.
Continued operations include the fields of financial services, Real Estate
Project Management and Private Equity.
[1]See also media release from 16 November 2015: Valartis Group AG under
provisional moratorium; application for a definitive moratorium will be
[2]See also media release from 21 September 2016: Closing on the takeover of
Valartis Bank (Liechtenstein) AG by Citychamp Watch&Jewellery Group Ltd. -
final precondition for successful implementation of recovery plans
[3]The moratorium in Switzerland is currently valid until 23 November 2016.

Press release (PDF)

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Valartis Group AG via Globenewswire

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