Singapore sovereign fund GIC says it sold 2.4% UBS stake at a loss

Singapore sovereign fund GIC says it sold 2.4% UBS stake at a loss

Photo: Reuters

UBS Group AG’s largest shareholder, Singapore’s sovereign fund GIC Pte, is slashing its ownership in the Swiss bank by offering a 2.4 percent stake worth about $1.6 billion.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter