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Julius Bar would need capital hike to buy banks with CHF20B assets, CEO says

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Julius Bar would need capital hike to buy banks with CHF20B assets, CEO says

Julius Bär Gruppe AG would need to raise capital from the market to finance the purchase of banks with more than CHF20 billion in assets under management, Reuters reported Feb. 1, citing CEO Boris Collardi.

"I'm confident that if and when we would go to market we would present something that would make a lot of sense," Collardi told the newswire.