UBS Delists Shares as New-Look Bank Takes Shape
January 14 2015 - 2:00AM
Dow Jones News
By Neil MacLucas
ZURICH-- UBS AG has applied to delist its shares from the New
York Stock Exchange and the SIX Swiss Exchange, a move which is
related to the legal restructuring of the banking group and the
creation of a new holding company.
Zurich-based UBS said on Wednesday that its shares would be
delisted from the NYSE as of Jan. 17. The date for delisting from
the SIX Swiss Exchange has yet to be decided.
UBS is the process of ring fencing its Swiss retail and
corporate business from its international investment banking and
wealth management operations.
Shares in the new holding company, UBS Group AG, began trading
on the U.S. and Swiss exchanges in November last year after the
bank completed a share exchange offer.
Write to Neil MacLucas at neil.maclucas@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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