April 28 (Reuters) - EFG International AG says * Has agreed to acquire the Luxembourg-based private banking activities of UBI Banca International (Luxembourg) S.A. with approx. Eur 3.6 billion of client assets * Says subject to regulatory approval, the transaction is expected to be completed during the first half of 2017 * UBI’s branches in Madrid and Munich are excluded from the transaction, as are its fiduciary and corporate banking activities * Financial terms of the transaction are not disclosed Further company coverage: (Reporting By Zurich newsroom)
EFG International has agreed to buy the Luxembourg-based private banking activities of UBI Banca International, subject to regulatory approval; completion is expected to be during the first half of 2017. UBI's Madrid and Munich branches are not included in the deal, as are its fiduciary and corporate banking activities. The financial terms of the deal have not been disclosed.