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In recent weeks, there has been enthusiastic, perhaps overly optimistic, speculation about a potential takeover of the Swiss private bank EFG International by its competitor Julius Baer. However, financial industry experts attending the Private Banking Day in Geneva on Tuesday now unanimously agree that any deal is “dead.” The primary reason is the price. EFG International, controlled by the Greek-Swiss Latsis shipping family, is in a robust position. Its stock price has surged by 70 percent over the past two years, making it unlikely that they would accept an undervalued offer. Moreover, Julius Baer is grappling with its own challenges, …
Leggi di piu »EFG International: The Agreement Beyond the Initial Deal
