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Market Closed -
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|
5-day change | 1st Jan Change | ||
| 59.32 CHF | +0.44% |
|
+3.71% | +1.13% |
| 02-12 | Swiss stocks - Factors to watch on February 12 | RE |
| 02-11 | Julius Baer Group Issues $400 Million Perpetual Tier 1 Subordinated Bonds | MT |
ZURICH (Reuters) - Swiss bank Julius Baer said on Tuesday it will sell its Brazilian domestic wealth management business to Banco BTG Pactual for 615 million Brazilian real ($100.57 million).
As of Nov. 30, the business - which has offices in Sao Paulo, Belo Horizonte and Rio de Janeiro - had assets under management of 61 billion Brazilian real.
Closing of the deal is expected in the first quarter of 2025, Julius Baer said.
(Reporting by John Revill, Editing by Miranda Murray)
Price |
Change |
5d. change |
Capi. | ||
|---|---|---|---|---|---|
| 59.32CHF | +0.44% | +3.71% | 13.53B | ||
| 33.04BRL | +21.29% | +2.86% | 27.51B | ||
