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EFG International offloads minority stake in Spanish bank

News Team, 11/07/2022

EFG International has completed the sale of its minority stake in a Spanish private bank.

The firm had previously announced it was selling its minority stake in Asesores y Gestores Financieros SA to the bank’s management team.

EFG said it will detail the full final financial effects of the deal in its half year results.

These are due to be released 21 July 2022.

In the firm’s 2021 full year results, operating profits were up 60 percent...


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