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BRIEF-Avaloq says Warburg Pincus to acquire 35 pct shareholding in company
March 22, 2017 / 8:07 AM / 7 months ago

BRIEF-Avaloq says Warburg Pincus to acquire 35 pct shareholding in company

March 22 (Reuters) - Avaloq:

* says Warburg Pincus to acquire 35% shareholding in Avaloq

* says transaction values Avaloq in excess of chf 1 billion. Detailed financial terms of transaction are not being disclosed

* says upon closing, Warburg Pincus will nominate two individuals to join Avaloq’s board of directors Source text for Eikon:

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