Cevian Capital takes a stake in UBS. How the activist’s track record with banks could help it build value
Publishing timestamp: 2023-12-23 07:07:35
Summary
The article discusses Cevian Capital's acquisition of a $1.3 billion stake in UBS Group AG. Cevian is known as a constructive activist investor and believes that UBS has significant improvement potential. They expect UBS shares to trade at $58 compared to the current price of $30.89. While Cevian has not indicated a desire for a board seat at the moment, they may consider it in the future if they believe it can add value.
Sentiment: MIXED
Keywords: ubs group ag, hedge funds, business news,