UBS sells stake in CFC to Deutsche Boerse for 390 mln Sfr
06/05/2021 06:11
ZURICH, May 6 (Reuters) - UBS Group UBSG.S has agreed to
sell its remaining 48.8% stake in Clearstream Fund Centre (CFC)
to Deutsche Boerse AG DB1Gn.DE for approximately 390 million
Swiss francs ($427 million), the Swiss bank said on Thursday.
"The transaction is subject to certain closing conditions
and is expected to complete in June 2021. UBS expects to
recognize a post-tax gain of approximately $35 million and CET1
capital increase of approximately $400 million in the second
quarter of 2021," it added in a statement.
($1 = 0.9139 Swiss francs)
(Reporting by Michael Shields, editing by John Revill)
((Michael.Shields@thomsonreuters.com; +41 41 528 3630; Reuters
Messaging: michael.shields.thomsonreuters.com@reuters.net))