GIC to sell up to 2.4% stake in UBS
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[ZURICH] Singapore's sovereign wealth fund GIC plans to sell a UBS stake of up to 2.4 per cent, the Swiss bank said on Monday.
GIC intends to sell up to 93 million existing shares in UBS Group, equivalent to 2.4 per cent of the outstanding shares and voting rights, through an accelerated bookbuild offering to institutional investors, UBS said.
UBS shares fell more than 1 per cent after the news before paring losses to 0.7 per cent.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
