UBS Builds 11% Stake In Yacht Painter GYG Following Transaction

Tue, 15th Oct 2019 16:02

(Alliance News) - GYG PLC said Tuesday Swiss banking giant UBS Group AG built a 11% stake in the superyacht painter and maintainer following a transaction last Thursday.

UBS held 5.2 million shares in GYG after the transaction, equivalent to a 11.2% stake in the 46.6 million shares outstanding in GYG. The holding of UBS in GYG prior to the transaction - if any - was not disclosed.

Shares in GYG were 2.8% lower at 52.00 pence in London on Tuesday.

By Ahren Lester; ahrenlester@alliancenews.com

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