News summary
Swiss Baosheng Group may acquire EFG, triggering a 1.2% increase in its share price and its market value reaching US$4.2 billion.
Newsletter text
Swiss Baosheng Group actively evaluates acquisition of Swiss private bank EFG
According to reliable sources, Julius Blowdepositcasino? r Group) is considering acquiring Swiss peer EFG International. Recently, both sides have discussed potentiallowdepositcasinoPreliminary discussions have been launched on the merger matters.
Details of the deal discussions have not been made public, but EFG's share price has already reflected the market's optimistic expectations, rising 1.2% at the close on Friday, and its market value has climbed to 3.8 billion Swiss francs (US$4.2 billion).