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EFG agrees final price for BSI
17/07/2017 , News Team

Global private banking group EFG International and BTG Pactual have finally agreed on the final price to be paid for BSI.

EFG said the price it is paying for BSI is equivalent to CHF 971 million ($1.01 billion), versus the estimated price of CHF 1.06 billion from October 2016. That had already been lowered from CHF 1.3 billion when the transaction was announced in February 2016.

The last step in BSI’s integration into EFG is now the Swiss IT migration, which is expected to be completed by the end of 2017.

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