Julius Baer interested in takeover candidates with managed assets of over CHF 20bn
Julius Baer (VTX:BAER), the Swiss bank, is interested in takeover candidates with assets of at least CHF 20bn, Tagesanzeiger reported.
The Swiss daily cited Julius Baer Chief Executive Boris Collardi, speaking at the 2016 results presentation, who said he would not rule out further acquisitions but candidates would have to manage assets of at least CHF 20bn to make it worth it. The bank would have to go to the capital markets to fund such a buy, the report stated.
The original article was published on page 10.