Ringier Axel Springer Switzerland acquires cash.ch and agrees long-term cooperation with bank zweiplus

Ringier Axel Springer Schweiz AG acquires all shares in cash zweiplus AG. Until now, cash zweiplus was a joint venture between Ringier AG and bank zweiplus AG. Ralph Büchi, CEO Ringier Axel Springer Switzerland and Head of Publishing at Ringier, is very pleased with the takeover: "With cash.ch we have gained a strong brand that will strengthen our business titles. Handelszeitung and Balance in the digital sector". cash.ch together with the publisher's other business titles, forms the digital business network. This is already being implemented as such together with the financial platform Finances.ch marketed by Admeira.

Services remain in place

Both the banking services under the "cash - banking by bank zweiplus" brand and the economic and financial information will remain available to customers and will be further expanded in the future. Bank customers will be looked after by their existing bank zweiplus advisors and will continue to have access to real-time prices and trading opportunities at a flat rate on cash.ch. bank zweiplus also benefits from the greater customer reach offered by the aggregated digital business network. "We continue to offer bank customers the unique combination of information and digital banking," says Markus Aisslinger, CEO of bank zweiplus AG.

cash.ch retains current team

cash.ch will be integrated into the business media of Ringier Axel Springer Schweiz AG under the management of Dr. Nina Ranke. Urban Scherrer, CEO of cash zweiplus for many years, is leaving the company at his own request with the takeover and will accompany the transition phase in an advisory capacity. The members of the Board of Directors of cash zweiplus AG would like to express their sincere thanks and appreciation to Urban Scherrer for his great commitment, his successful management of the company and his willingness to provide valuable support during the transition phase. His deputy Marcel Gamper and his team will continue to look after bank zweiplus customers. Editorially cash.ch managed by the same team as before. The ten-strong cash.ch-team is moving to the Ringier Axel Springer Switzerland offices in the Medienpark in Zurich-Altstetten, where the takeover is currently still being examined by the Swiss Federal Competition Commission (COMCO).