Wealth and Asset Management
EFG to sell stake in spin-off to Notenstein for $74 mln
EFG International has agreed to sell to Notenstein Private Bank (a subsidiary of Raiffeisen Switzerland), subject to regulatory approvals, its remaining stake of 20.25% in EFG Financial Products for CHF 70.2 million (1,350,000 shares at CHF 52 per share, compared with the IPO price of CHF 45). The transaction is…
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