Last updated: 11:33 / Friday, 16 May 2014
Exclusive Negotiations

Generali Enters into Negotiations with BTG Pactual for the Sale of BSI

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Generali Enters into Negotiations with BTG Pactual for the Sale of BSI

The Italian group Generali has granted exclusivity to Banco BTG Pactual, a leading LatAm investment bank, global asset and wealth manager with a USD13 bn market capitalisation and over CHF100 bn Assets under Management, to conduct negotiations relating to the potential acquisition of the entire share capital of BSI.

BSI is a leading Swiss private bank with a global presence and CHF90 bn (€73.6 billion) of Assets under Management. The Sao Paolo-based group Banco BTG Pactual is a leading Latin American global asset and wealth manager, with $85 billion (€62 billion) in assets under management.

The Italian group is selling its Swiss private banking unit as part of a plan to focus its efforts on the company’s asset management arm, Generali Investments Europe.

Generali will update the market on the outcome of these negotiations when required upon further developments.

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