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Basellandschaftliche Kantonalbank ( (CH:BLKB) ) has shared an announcement.
BLKB has decided to exit its majority stake in radicant holding ag, aiming to sell the subsidiary due to strategic misalignment, despite recent progress in customer growth and SME applications. The operational business of radicant remains unaffected, and customer deposits are secure, with the sale process requiring approval from FINMA.
More about Basellandschaftliche Kantonalbank
Basellandschaftliche Kantonalbank (BLKB) is the largest bank in Baselbiet and a leading bank in northwestern Switzerland, focusing on investment, pension, and corporate banking. With around 1000 employees and 23 branches, it emphasizes customer proximity and regional sustainable development. BLKB is majority-owned by the Canton of Basel-Landschaft and is committed to sustainability and the economic growth of the region.
Average Trading Volume: 364
Technical Sentiment Signal: Buy
Current Market Cap: CHF518.2M
For an in-depth examination of BLKB stock, go to TipRanks’ Overview page.