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UBS has sold its Indian wealth management unit to 360 ONE WAM for $36 million, part of a strategy to streamline operations and focus on efficiency. This move aligns with a broader trend among financial giants shedding non-core assets while Swiss firms highlight financial strength through increased dividends, signaling a robust economy.
Zurich Cantonal Bank (ZKB) has confirmed Flughafen Zurich's "A" credit rating but revised the outlook to "stable" from "positive" due to high investments and a new dividend policy. Indicators of solvency have slightly deteriorated in fiscal 2024, with a similar trend expected in 2025. The company plans to distribute 50% of adjusted earnings to shareholders, increasing to 75% if debt levels are low relative to earnings.
Flughafen Zürich AG's stock surged after UBS upgraded its rating to "buy," citing optimism about growth potential and upcoming catalysts. Key factors include a potential dividend increase in 2025, the opening of Noida International Airport in April 2025, and increased airline capacity at Zurich Airport starting in 2026. UBS raised its price target to CHF 244, highlighting the stock's undervaluation and strong free cash flow.
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ubs sells indian wealth unit in strategic 36 million dollar deal
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