EFG International (EFG) and BSI announced today that they will join forces to form a leading Swiss private bank. EFG has agreed with the BSI owner BTG Pactual the purchase of BSI to be paid in cash for a total of CHF975m, and through the issuance of 52.6m EFG shares to BTG Pactual against a contribution in kind, subject to certain adjustments in case of dilution. As a result of the share issuance, BTG Pactual will have a stake of approx. 20% in EFG International and representation on its boar
