Cevian Capital, a well-known Swedish investment firm, has become a major shareholder in UBS, one of the largest banks in Switzerland. The firm has invested 1.2 billion euros in UBS stocks, acquiring approximately 1.3 percent of the bank’s outstanding capital. The investment will be held by Cevian Capital’s various funds.

Cevian Capital has high hopes for its investment in UBS, citing significant potential value in the bank. Lars Förberg, one of the co-founders of Cevian Capital, praised UBS’s management team for their excellent work in integrating Credit Suisse. He believes that once the valuation gap with Morgan Stanley, the world’s largest wealth management bank, is closed, UBS shares will be worth 50 Swiss francs. Currently, the shares are trading at 25.35 Swiss francs after strong gains this year.

UBS has gained a major shareholder in Cevian Capital, a firm known for its activist investing approach. Cevian has previously been involved with Swiss companies such as ABB and Panalpina. Interestingly, there were rumors of Cevian’s interest in Credit Suisse, the second-largest Swiss bank, before it was acquired by UBS in March.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Europe
Countries	🇸🇪 🇨🇭
Sentiment	positive
Relevance Score	1
People	Lars Förberg
Companies	Credit Suisse, ABB, Cevian Capital, Panalpina, UBS
Currencies	None
Securities	UBS