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.
