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November 17, 2024
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Warburg Pincus sells stake in Avaloq at CHF 2bn valuation

Warburg Pincus sells stake in Avaloq at CHF 2bn valuation

Japan-headquartered NEC Corporation has wholly acquired Switzerland-based banking software platform Avaloq from existing shareholders, including Warburg Pincus, in a deal valuing the fintech company at CHF 2.05bn.

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