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 plc 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 quarter of 2019 . UBI 's Madrid and overseas branches are not included in the deal , as are its fiduciary and corporate banking subsidiaries . The financial terms of the deal have not been disclosed .