Wealth and Asset Management
UBS Slips After Shareholder Sells $621 Million Stake
An unidentified institutional UBS Group AG shareholder sold its entire stake in the Swiss lender worth around 503 million Swiss francs ($621 million), taking advantage of recent gains in the bank’s shares. The investor offered around 16 million shares through an overnight placing, which priced at 31.46 Swiss francs per…
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Click here to read the full story: Bloomberg