UBS Weighs Credit Suisse China Stake Swap With Beijing Government Bloomberg

News Source : Bloomberg

News Summary

The Zurich-based lender is proposing to buy the 33% stake held by Beijing State-Owned Assets Management Co
in their joint venture UBS Securities Co
In return, UBS will sell part of or its entire 51% stake in Credit Suisse Securities (China) to the Beijing government fund

UBS Group AG is in discussions to attain full ownership of its China platform by swapping its holding in Credit Suisses onshore securities venture with a Beijing government investment fund, according [+403 chars]

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