EFG shareholders approve capital increase for BSI deal

April 29, 2016 1:40 PM

36 0

ZURICH, April 29 EFG International shareholders on Friday approved a planned 500 million Swiss franc ($520.6 million) capital increase in a vote at the Swiss bank's annual general meeting to help fund its purchase of Swiss peer BSI.

Investors also approved the proposed creation of authorised share capital to cover the share component of the BSI deal.

Also read: Lyft, Magna in Deal to Develop Hardware, Software for Self-Driving Cars

Read more

To category page