Cembra Money Bank to Sell Treasury Shares via Private Placement

12:07 AM EDT, 07/24/2026 (MT Newswires) -- Cembra Money Bank (CMBN.SW) will sell up to 601,801 treasury shares through a private placement for local and international investors. The offering price and number of treasury shares to be sold will be determined after the conclusion of the accelerated bookbuilding process, set to commence immediately, according to a Thursday release. Settlement of the offering is expected on July 28. The consumer banking company intends to partially finance its purchase of Banco Santander's (SAN.MC, BNC.L) Swiss auto financing business through the private placement.