February 7, 2019
Wellmont Capital Group N.V. has today completed a second acquisition. The group has acquired the controlling vote in a Swedish Credit Union, incorporated in 2012 with a strong track record. The credit union currently has 36,000 members whereof many are already shareholders of Wellmont Capital Group.
For regulatory reasons, the name may not be disclosed at this time pending approval.
The credit union will allow the group to service additional needs of its retail clients, with the credit union’s unique regulatory standing in the EU. These services include the ability to hold and place non-cash securities such as share and bonds and to engage in asset management.