Bringing you live news and features since 2006 

EFG International reduces its stake in EFG Financial Products


EFG International has reduced its stake in EFG Financial Products to just over 20 per cent as a result of the over-allotment option being exercised in full.

As part of the IPO of EFG Financial Products Holding AG, which commenced trading on the SIX Swiss Exchange on 19 October 2012, EFG International granted the underwriters an over-allotment option of up to 293,713 registered shares.

As announced today by the global co-ordinator and bookrunner of the transaction, this has now been fully exercised.

Taken together with the 1,270,472 registered shares sold in the base offering, EFG International has reduced its stake in EFG Financial Products from 58.3 per cent, before the IPO, to 20.3 per cent.

Latest News

Solactive writes that in the face of market volatility, investors often turn to portfolio diversification as a key strategy. “One..
The Luxembourg House of Financial Technology (LHoFT), together with PwC Luxembourg and with the active support of the Association of..
Sustainability tech platform Clarity AI has announced that its sustainability capabilities are now supporting European white label platform, HANetf...
Chimera Capital LLC, an Abu-Dhabi-based investment management firm, has announced the launch of the Chimera S&P China HK Shariah Exchange..

Related Articles

Henry Timmons, RBA
Henry Timmons, director of ETFs and Michael Contopoulos, director of fixed income at Richard Bernstein Advisors are on a mission...
Kelsey Mowrey, Motley Fool Asset Management
Speaking with ETF Express in March, Brian Barish, a fund manager with Cambiar commented on the Vanguard solution which allows...
Phillippe Malaise, Trackinsight
Trackinsight has published its fourth global ETF survey, revealing that investors have an appetite for actively managed ETFs....
Joy Yang, MVIS
The passive versus active debate is a ‘thought experiment’ according to Joy Yang, Head of Index Product Management at MarketVector...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by