Zug-based Haron Holding, which is owned by Luca Pesarini, plans to increase its stake in MainFirst Holding.
In response to Citywire Switzerland's request MainFirst's spokesperson confirmed the development and commented on possible implications for the Swiss activities of the firm:
'The planned increase of Haron's stake will not change MainFirst's business model, business relations or client service. This also holds for MainFirst's business activities in Switzerland,' the spokesperson said.
At the moment the company holds 44.9% of the share capital of MainFirst Holding, and under the plans it would acquire an additional 29%.
According to MainFirst's spokesperson the firm's management and partners are welcoming the offer of the Swiss firm.
German regulatory body BaFin has to approve the transaction before it takes place.
Haron Holding has been a shareholder in MainFirst for two years and supports its business model and strategy, which includes a European brokerage platform and asset management with a multi-boutique approach.
The asset manager specialists of the firm operate from Frankfurt, Zurich and Luxembourg.