Banque Profil de Gestion SA (SWX:BPDG) signed a binding Memorandum of Understanding to acquire One Swiss Bank SA on November 5, 2020. Banque Profil de Gestion SA entered into a share purchase agreement to acquire One Swiss Bank SA on February 10, 2021. In a related transaction, Banca Profilo SpA entered into a share purchase agreement to sell 60.4% stake in Banque Profil de Gestion SA (SWX:BPDG) to One Swiss Bank's current shareholders on February 10, 2021. This operation will be followed by the merger by absorption of One Swiss Bank SA by Banque Profil de Gestion SA . The operation would be financed by excess BPDG equity. One Swiss Bank achieved sales of CHF 15.2 million as of December 31, 2019. The transaction is particularly conditional on the negotiation and signature of contracts formalizing the terms of the MoU, on the formal approval of the relevant financial supervisory authorities including approval of Finma as well as, where applicable, of all other competent prudential authorities. The transaction is expected to close by the end of the first quarter of 2021. As of March 30, 2021, the transaction is expected to be completed by May 31, 2021. Frédéric Rochat, Anne-Gabrielle Piaget and Cendrine Rouvinez of Kellerhals Carrard Lugano SA acted as legal advisors to One Swiss Bank SA and its shareholders. Banque Profil de Gestion SA (SWX:BPDG) completed the acquisition of One Swiss Bank SA for CHF 39.6 million on June 1, 2021. The Board of Directors of Banque Profil de Gestion and One Swiss Bank SA approved the merger of two entities immediately after the share transfers. The merged bank took the name of One swiss bank SA and changed the composition of its board of directors and its management.