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Private bank to bid for Sfr4bn Baer stake

Banque Pasche, a Swiss private bank, is reportedly set to launch a bid for UBS' 20.7% stake in wealth manager Julius Baer, which is valued at Sfr4.1bn (€2.5bn).

News service WealthBriefing reports that Banque Pasche is the frontrunner in the race to buy the holding.

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