EFG International and BTG Pactual reach an agreement on the final price for BSI
17 Juli 2017
Following the completion of the acquisition of BSI on 31 October 2016 and in order to agree the final price for BSI, EFG International and BTG Pactual have been in discussion in relation to the closing accounts for BSI as at that date. EFG International and BTG Pactual have now agreed that the final price to be paid for BSI willcomprise the 86.2 million EFG International shares and CHF 31 million of EFG International AT1 instruments already issued at completion (both unchanged) and a cash consideration of CHF 486 million. Based on the EFG International share price of CHF 5.27 as at closing, the final price is equivalent to CHF 971 million (vs. CHF 1,060 million estimated as at 31 October 2016).