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Door opens for UBS to take majority ownership of China JV

UBS Group AG may have moved a step closer towards becoming the first foreign bank to hold majority ownership of its Chinese investment banking operations, after two of its joint venture partners said they had put their stakes up for sale.

UBS Group AG may have moved a step closer towards becoming the first foreign bank to hold majority ownership of its Chinese investment banking operations, after two of its joint venture partners said they had put their stakes up for sale.

Article by [author-name] (c) Reuters: Business News - Read full story here.

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