BRIEF-EFG sells Harris Allday division to Canaccord Wealth

Aug 19 (Reuters) - EFG International:

• EFG INTERNATIONAL ANNOUNCES SALE OF HARRIS ALLDAY

• SIGNED AN AGREEMENT FOR CANACCORD WEALTH TO ACQUIRE FRONT OFFICE TEAMS, CLIENT ASSETS OF HARRIS ALLDAY

• ASSETS UNDER MANAGEMENT: £3.1 BILLION, GENERATED ANNUAL REVENUE OF £20.3 MILLION IN 2025, CURRENTLY HAS 77 EMPLOYEES

• EXPECT SALE TO HAVE POSITIVE IMPACT OF APPROXIMATELY CHF 20 MILLION ON PROFIT BEFORE TAX IN H2

• EXPECT SALE TO INCREASE GROUP’S CET1 CAPITAL RATIO BY APPROXIMATELY 30 BPS

Source text: https://tinyurl.com/4ahce834

Further company coverage: EFGN.S

(Berlin newsroom)