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Goldman not in talks to buy Julius Baer: sources

Tue Feb 12, 2008 10:29am EST

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LONDON/ZURICH (Reuters) - Investment bank Goldman Sachs (GS.N) is not in talks to buy Swiss wealth manager Julius Baer (BAER.VX), sources familiar with the matter said on Tuesday, in response to market talk of a Goldman Sachs bid.

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Goldman Sachs and Julius Baer declined to comment.

Shares in Julius Baer rose earlier on Tuesday on rumors the New York-based bank could bid for the Swiss financial services company.

(Reporting by Mathieu Robbins and Douwe Miedema)
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