UBS Sells $900M Bank of China Stake

By Hercules K, BUSINESS 2.0 PRESS
Published: December 31 2008, 2:04 pm EST

ubs UBS Sells $900M Bank of China Stake UBS AG announced today it would sell its USD $900 million stake (3.4 billion limited H-shares) in the Bank of China. The investment has had a good return, as the Switzerland bank purchased the shares in 2005 for $500 million. UBS declined to disclose the exact profit. UBS remains committed to expanding its business relationship with the Bank of China.