Activist investor Cevian has acquired a 1.3% stake in the Swiss bank UBS.
  • DiamondHansGruber@lemmy.whynotdrs.orgEnglish
    6·
    6 months ago

    Cevian sees significant potential for value appreciation at UBS following the takeover of Credit Suisse

    The evening before, the big bank’s shares closed at CHF25.35 on the stock exchange. This means that they are up a full 47% in a year that will soon come to an end. Last Friday, they reached a multi-year high of CHF26.28. They have not been this expensive for over 15 years.

    They bought high and expect to sell higher 💎👌