Ending weeks of uncertainty over whether or not Bank Julius Baer would be successful in its bid for Rabo Bank’s stake in Bank Sarasin, a surprise winner has taken a controlling interest in the Swiss wealth manager for CHF1.04 billion (US$1.13 billion). 200 year old Brazilian-Swiss private bank has acquired 46.07% equity interest and 68.63% voting rights n Bank Sarasin,…
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