UBS Group looking to take majority in Chinese securities JV

UBS Group looking to take majority in Chinese securities JV

Pedestrians walk past the entrance to UBS Group AG's headquarters in Zurich, Switzerland. Photographer: Philipp Schmidli/Bloomberg

UBS Group AG, which is seeking regulatory approval to take a majority stake in its China securities joint venture, plans to boost capital at the entity by about a third once the deal is completed, people familiar with the matter said.

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