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UBS to buy Santander's private banking unit in Italy
2015年11月17日 / 上午10点35分 / 2 年前

UBS to buy Santander's private banking unit in Italy

ZURICH, Nov 17 (Reuters) - UBS ’s Italian wealth management arm is to buy Santander Private Banking (SPB Italia), a unit of Spanish bank Santander in Italy which manages 2.7 billion euros in assets, the Swiss banking group said in a statement on Tuesday.

The value of the deal was not disclosed, but it is expected to close in the first quarter of 2016.

SPB Italia’s business will be integrated into UBS Italia. (Reporting By Joshua Franklin; editing by Elisabeth O‘Leary)

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