UBS sells Brazilian unit to Andre Esteves for US$2.5 bil. [Archive] - In Search of Chicas

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04-21-2009, 04:58 AM

GENEVA -- UBS AG, Switzerland's largest bank, agreed to sell UBS Pactual of Brazil to Andre Esteves, the former head of the business, for US$2.5 billion to reduce risk and free up capital.

More... (http://story.brazilsun.com/index.php/ct/9/cid/24437442923341f1/id/23753170/)