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UBS expands its existing structured products capabilities by acquiring Luxembourg Financial Group (LFG), a structured products boutique and specialist asset manager. UBS announced today that it has entered into an agreement to acquire Luxembourg Financial Group (LFG), a structured products boutique and specialist asset manager, for a total consideration of EUR 25 million. The transaction is expected to close in the second quarter of 2011 subject to all regulatory approvals. Under the terms of the agreement, UBS has agreed to acquire 100 percent of the shares of LFG Holdings S.A., the parent company. The LFG Group will form part of UBSs Global Equities division within the Investment Bank and will be an important building block in achieving the divisions...
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