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Article: UBS to sell Brazilian fin services biz for USD 2.5 bn.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- April 20, 2009
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UBS to sell Brazilian fin services biz for USD 2.5 bn
Zurich/New Delhi, Apr 20 (PTI) -- Swiss banking major UBS today said it will sell its Brazilian financial services business, UBS Pactual to BTG Investments for about USD 2.5 billion, as part of efforts to strengthen its balance sheet.
UBS has "agreed to sell its Brazilian financial services business, UBS Pactual, for approximately USD 2.5 billion to BTG Investments, headed by Andre Esteves", the company said in a statement.
The ...