Ubi Banca informs that, as part of the program to refocus activities on the "core" perimeter of the group, the contract for the sale of 100% of the capital of Ubi Banca International SA1, based in Luxembourg, to EFG International AG has been finalized , an international operator specializing in asset management and private banking services, based in Zurich.
The perimeter of the sale includes approximately 0,9 billion in direct deposits and approximately 3 billion in indirect deposits, essentially administered. The sale takes place at a consideration substantially in line with the shareholders' equity of Ubi International and has no impact on the capital ratios of the Ubi Group. The transfer will take effect from 1 November 2017.
