Institutional Investor Sells $621M Stake in UBS Amid Strong Share Performance

An unidentified institutional investor has sold its entire stake in UBS Group AG, Switzerland's largest lender, totaling approximately 503 million Swiss francs ($621 million). The sale involved around 16 million shares offered through an overnight placement at a price of 31.46 Swiss francs per share, a 1.4% discount to the previous closing price. Despite a slight dip during the transaction, UBS shares have appreciated about 15% this year, reflecting strong market performance. The placement was arranged by Goldman Sachs and saw sufficient demand to cover the offering shortly after launch, signaling robust investor interest despite the discount pricing.