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UBS inks pact with AIG for commodity index biz

Posted on 26 January 2009

From Financialexpress.com: Financial services major UBS Investment Bank said it has entered into an agreement with crises-ridden insurance major American International Group to acquire its commodity index business for 150 million dollar.

The Swiss bank said in a statement that it has entered into a binding agreement to purchase the commodity index business of AIG Financial Products Corp, including AIG’s rights to the DJ-AIG Commodity Index….. Full Article: Source


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VRS - who has written 34721 posts on Opalesque Commodities Briefing.


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