SAO PAULO (Feb 19): Brazil's BTG Pactual is in talks to sell its private-banking unit BSI to fellow Swiss rival EFG International, which is controlled by the Greek billionaire Spiros Latsis.

The deal could be announced as early as next week, two sources with knowledge of the plan said on Friday.

The plan under discussion would leave investment bank BTG Pactual with a stake of 20% to 30% in the combined BIS-EFG entity, said the first source. Whether EFG incorporates BSI, or vice versa, will be decided based on the most efficient tax structure, the source said.

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