EFG details plans to finance BSI acquisition

8 April 2016 | 1 minute read

EFG International has outlined how it intends to raise new capital to finance its acquisition of BSI. The bank plans to launch a preemptive ordinary share capital increase for up to CHF 500 million (US$523 million) at a minimum price of CHF 6.12 (US$6.40) per share, whereupon existing shareholders will receive subscription rights to participate. The subscription price for the ordinary share…

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