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UBS commodities division sold

Posted on 19 January 2009

From FT: UBS completed its exit from its non-core commodities trading activities with the sale to Barclays Capital of outstanding positions in its base metals, oil and US power and gas businesses. No price for the transaction, which the bank expects to complete by the end of the second quarter, was disclosed.

A precise value for the deal will depend partly on the profit or loss at closure of the positions being transferred….. Full Article: Source


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VRS - who has written 39433 posts on Opalesque Commodities Briefing.


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