UPDATE 1-Bank software group Avaloq valued at 1 bln in Warburg Pincus deal

ZURICH/LONDON, March 22 (Reuters) - Private equity firm

Warburg Pincus is paying 300 million Swiss francs ($300 million)

for a stake in banking software and services provider Avaloq

in what the group described as a first step towards a

potential public listing.

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