UBS looks to raise stake to 67% in mainland China joint venture

UBS looks to raise stake to 67% in mainland China joint venture

FILE PHOTO: The logo of Swiss bank UBS at its Zurich headquarters in Switzerland, July 27, 2015. REUTERS/Arnd Wiegmann

UBS Group is moving to increase ownership in its Chinese securities joint venture to 67%, as two local partners put their stakes up for sale, an exchange filing shows.