BT Pactual 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 - 30 % in the combined entity ; whether EFG 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 $ 1.6bn prior to any combination . Shares in EFG were up 2.4 percent at 6.74 Swiss francs in Zurich at 1146 GMT. 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 last November .
BT Pactual 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 - 30 % in the combined entity ; whether EFG 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 $ 1.6bn 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 last November .