EFG International to acquire UBI Banca International (Luxembourg) S.A.
28 April 2016
Zurich, 28 April 2016. EFG International has agreed to acquire the Luxembourg-based private banking activities of UBI Banca International (Luxembourg) S.A. with approx. EUR 3.6 billion of client assets. The transaction will significantly strengthen EFG International’s presence in Luxembourg and will reinforce the Bank’s focus on growing its wealth management presence in Europe.