Category: Luxembourg

SIX Group acquires stake in CETREL

Zurich/Luxembourg - SIX Group Ltd, Zurich shall acquire a 50% stake in CETREL S.A., Luxembourg at the end of January 2009. The two parties signed a corresponding agreement today. This strategic cooperation is intended to foster the building up of a leading international offer in the field of card-based payment traffic. The aim is to boost CETREL’s position in the acquiring business in the Grande Region of Luxembourg, while expanding the international issuing processing offer of both CETREL and SIX Group in Europe. The provision of central services to enhance the competitiveness of the financial center Luxembourg shall remain among CETREL's core duties.

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