SWX:SIGNPackaging
SIG Group (SWX:SIGN) Is Up 5.0% After UBS Takes 10.3% Stake And New CEO Installed
UBS Fund Management has recently disclosed that it acquired 10.3% of the voting rights in SIG Group, following a period that saw a profit warning in September and the appointment of new chief executive Mikko Keto in November.
This combination of a large institutional investor increasing its influence and fresh leadership at the top could meaningfully reshape expectations for how SIG Group is governed and positioned within global packaging markets.
We’ll now examine how UBS Fund Management’s...