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Beijing state-owned asset management to sell 33% stake in JV with UBS

Beijing state-owned asset management to sell 33% stake in JV with UBS

FILE PHOTO: A UBS logo is pictured on the branch of the Swiss bank in Lucerne, Switzerland, June 14, 2024. REUTERS/Denis Balibouse/File Photo

Beijing State-owned Asset Management (BSAM) plans to sell a 33% stake in UBS Securities, at a price of 1.5 billion yuan ($207.10 million), the China Beijing Equity Exchange website showed on Monday.

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