Julius Baer (JBAXY) is looking into a potential takeover of competing Swiss private bank EFG International (EFGXY), Bloomberg’s Jan-Henrik Foerster, Dinesh Nair, and Benjamin Stupples report, citing people with knowledge of the matter. The Zurich-based company has held preliminary talks with EFG in recent weeks about a potential tie-up, the authors note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JBAXY: