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UBS may set Chinese ownership milestone

Oct. 12, 2018 6:19 AM ETUBS Group AG (UBS) StockUBSBy: Yoel Minkoff, SA News Editor
  • After two of its joint venture partners put their stakes up for sale, UBS (NYSE:UBS) may be a step closer towards holding majority ownership of its Chinese investment banking operations.
  • If it purchases the holdings, UBS would become the first global investment bank to secure majority ownership since a surprise decision by China late last year to open the sector to foreign control.

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