UBS Launches Share-For-Share Exchange For New Holding Company

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(Reuters) – UBS said on Monday it was launching a share-for-share exchange to set up a new holding company, UBS Group AG, part of a restructuring drive to ensure it can be broken up more easily in a crisis. Switzerland’s largest lender said back in May it planned to break with its existing structure in which…

UBS Launches Share-For-Share Exchange For New Holding Company

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