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UBS shareholder GIC to sell up to 2.4 pct stake
2017年5月15日 / 下午3点15分 / 6 个月前

UBS shareholder GIC to sell up to 2.4 pct stake

ZURICH, May 15 (Reuters) - UBS Group shareholder GIC, a Singapore sovereign wealth fund, plans to sell a UBS stake of up to 2.4 percent, the Swiss bank said on Monday.

GIC intends to sell up to 93 million existing shares in UBS Group, equivalent to 2.4 percent of the outstanding shares and voting rights, through an accelerated bookbuild offering to institutional investors, UBS said.

UBS shares fell more than 1 percent after the news before paring losses to 0.7 percent. (Reporting by Michael Shields; Editing by David Goodman)

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