Wednesday, June 6, 2007

Credit Mutuel arm eyes stake in bank Baer -paper

(Reuters) - UBS, Pasche and CIC, which is owned by French mutual bank
Credit Mutuel, all declined to comment on the report.




UBS, the world's fifth-largest bank, said it would either
sell its stake, valued at around 4 billion Swiss francs , to a single buyer or dispose of it in the market and
that it would use the proceeds to buy back its own shares.


Read more at Reuters.com Mergers News

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