on Julius Baer Group Ltd. (isin : CH0102484968)
Julius Baer Finalizes Sale of Brazilian Business
Julius Baer Group announced the successful completion of its Brazilian wealth management operation sale to BTG Pactual on March 28, 2025. Initially agreed on January 7, 2025, the sale went through efficient pre-closing steps and regulatory approvals.
The transaction will enhance Julius Baer’s CET1 capital ratio by 30-40 basis points. It is expected to impact operating income by approximately CHF 100 million due to non-cash currency adjustments previously recognized.
Following the deconsolidation of Julius Baer Brazil, the company continues to serve Brazilian clients from other locations, maintaining its commitment to Latin America's wealth management.
R. H.
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