BSI sells remaining stake in B-Source to Avaloq
ZURICH Feb 10 (Reuters) - Swiss private bank BSI is selling its remaining 49 percent stake in B-Source to banking software company Avaloq, BSI said on Wednesday.
BSI, owned by Brazil's BTG Pactual, is not disclosing the price of the sale of B-Source, a business process and IT outsourcing provider for banks and the financial industry.
BSI said it originally sold a 51 percent stake of B-Source to Avaloq in 2011, with an option for Avaloq to eventually buy the remaining stake. (Reporting by John Miller)
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