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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Switzerland in talks on UBS stake options

Posted on 10 June 2009

From Business24-7.ae: The Swiss government is in talks over its investment in UBS with various parties. Vontobel analyst Teresa Nielsen said the Swiss government would be looking for big investors to take over its stake although she did not foresee interest from sovereign wealth funds, possibly forcing the state to gradually release shares onto the market.

The talks come as other global banks are starting to pay back state bailouts. UBS is also seen as keen to end state involvement soon but analysts expect the Swiss government will be cautious until it is sure the bank is back on stable ground……..Full Article: Source


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