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BancaStato bids for BTG Pactual’s BSI

Banca dello Stato del Cantone Ticino (BancaStato) is the latest name to join a list of potential buyers of BSI as it made a non-binding offer for the fellow Swiss private bank. Backed by two other undisclosed partners, BancaStato’s intention, should its bid be successful, is to acquire BSI as a financial investment rather than as a company to integrate…

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