EFG is in talks to merge its Swiss -based unit BSI with EFG International , according to reports, which would leave BTG Pactual with a stake of 20 percent to 30 percent in the combined entity; whether EFG International incorporates BSI or vice versa will be decided based on the most efficient tax structure. The deal would help BTG Pactual move on with a plan to sell assets, raise cash and restore investor confidence in the wake of the arrest of founder André Esteves last November. A price has yet to be determined, although sources suggest that BSI could be valued at $ $1.6 billion prior to any combination. This move would enable BFG Pactual to continue its ongoing plan to sell assets, raise cash and restore investor confidence following the arrest of its founder Andre Esteves Friday .
EFG is in talks to merge its Swiss -based unit BSI with EFG International , according to reports, which would leave BTG Pactual with a stake of 20 percent to 30 percent in the combined entity; whether EFG International incorporates BSI or vice versa will be decided based on the most efficient tax structure. A price has yet to be determined, although sources suggest that BSI could be valued at $ $1.6 billion prior to any combination. This move would enable BFG Pactual to continue its ongoing plan to sell assets, raise cash and restore investor confidence following the arrest of its founder Andre Esteves Friday .