Valcambi is a precious metals refining company located in Balerna, Switzerland. They refine gold, silver, platinum and palladium into various forms including cast and minted bars, rounds, coins, and other semi-finished casting products. It is among the world's largest precious metals refiners, and refines more gold than any other. Additionally, the company provides precious metals assay, transportation, and storage services.
History
The company was formed on May 15, 1961 as Valori & Cambi by a group of 5 Swiss businessmen/entrepreneurs from Mendrisio. The name was changed to Valcambi on June 30, 1967. In 1967, Credit Suisse bought 50% of the Valcambi refinery, followed by the purchase of another 30% stake in 1968. The remaining 20% was purchased in 1980, giving Credit Suisse 100% control of the firm.
In 2003, European Gold Refineries SA purchased 100% of Valcambi from Credit Suisse for approximately $400 Million.
European Gold Refineries is 100% owned by Global Gold Refineries AG, which in turn is 95% owned by REL Singapore PTE Ltd. and 5% by Rajesh Exports Limited India. In effect Valcambi is 100% controlled by Rajesh Exports Limited since they have a 100% stake in REL Singapore.
References
External links
- Valcambi company website
- Rajesh Exports Limited company website
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