The top Swissquote Swiss brokerage and banking company (SWX: SQN) announced that four years after the initial establishment of Yuh as a joint venture, Swissquote acquires 50% of Postfinance’s stock in the Digital Finance app to receive 100% ownership of Yuh.
Swissquote said that this decision was unanimously made by the partners and has been approved by the competent authorities. Therefore, Yuh can continue its successful strategy of expanding to the leading economic application in Switzerland, effectively and effectively, with the support of Swissquote. In addition, Yuh’s product and services range also completes that of the parent company. In a provocative market environment, after funding will enhance its focus on its strategic basic capabilities, while promoting the development of high -priority business units.
Swissquote had previously reported this year that Yuh has become profitable, earning a net profit of 1.7 million CHF in 2024. From June 30, 2025, Yuh amounted to 342,369 assets for $ 342,369 ($ 4.0 billion). Yuh trading prices at 180 million CHF (US $ 227 million). Swissquote paid part of the market price in the form of treasury shares, thereby enhancing the existing 5% share of Postfinance on Swissquote.
CEO of Swissquote, he said,
“We remain committed to our successful, long -term cooperation with the transfer. Today’s step allows us to incorporate Yuh Beltysta into our overall offer and extend our support to over a million accounts (June 30 2025: 1’050’762 accounts) between the two companies.”