EFG has “successfully and timely” closed the acquisition of BSI for a preliminary purchase price of CHF 1.06 billion (US$1.07 billion), despite a number of complications stemming from BSI’s involvement in an ongoing investigation into Malaysia sovereign fund, 1MDB. The closing of the acquisition presents a “historic milestone for both EFG International and BSI”, said Joachim H. Straehle, CEO of EFG International….
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