EFG, BTG Pactual's Swiss unit BSI could merge: sources

February 19, 2016 2:01 AM

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SAO PAULO/ZURICH Grupo BTG Pactual SA is in talks to combine its Swiss-based private-banking unit with EFG International AG in a transaction that could be announced as early as next week, two sources with knowledge of the plan said on Friday.

The structure under discussion would leave São Paulo-based BTG Pactual (BBTG11.SA) with a stake of 20 percent to 30 percent in the combined entity, said the first source, who asked for anonymity since the discussion remains private. Whether EFG incorporates BSI, or vice versa, will be decided based ...

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