Swiss wealth manager EFG International has dismissed media reports over a potential acquisition by Julius Baer.
"EFG International and its principal shareholder, EFG Bank European Financial Group, dismiss speculation regarding an alleged acquisition of EFG International by Julius Baer," it said in a statement.
"Multiple recent media articles on this topic are false, unfounded and misleading. No transaction discussions are taking place between EFG Bank European Financial Group and Julius Baer. EFG International will continue to focus on its growth strategy and will report its 2019 results on 26 February 2020 as planned," it added.
No transaction discussions are taking place between EFG Bank European Financial Group and Julius Baer"