Candidate buyer Merit Capital withdraws | Economy

The financial group was seen as the last chance for Merit Capital to escape bankruptcy and make a new start after the National Bank withdrew the license of the stock exchange house in the spring. This was preceded by a long and difficult search for a buyer.

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Fuchs cites, among other things, the market and economic conditions of recent weeks as a reason for his decision. But in the background are its own problems with the CSSF, the Luxembourg financial supervisor and the counterpart of the National Bank.

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It is unclear how to proceed. So far, no one seems to be moving in the file.

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