EFG Buys BSI for Reduced Price of $1.07 Billion

EFG has closed its purchase of Swiss bank BSI for about a quarter less than the originally anticipated price, after BSI shed billions of Swiss francs in managed assets amid investigations into its role in the alleged misappropriation of money from Malaysian state investment fund 1MDB.

Occidental Petroleum Acquires Permian Basin Assets for $2 Billion

Occidental Petroleum said it acquired acreage and interests in enhanced oil recovery assets in the Permian Basin in transactions totaling roughly $2 billion, joining a series of deals in the prolific West Texas drilling field.

(END) Dow Jones Newswires

November 01, 2016 06:15 ET (10:15 GMT)

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