UBS slashes stake in beleaguered Aryzta
The move has capped a difficult few weeks for Aryzta
The Swiss banking giant UBS has slashed its stake in troubled Swiss-Irish baked goods company Aryzta from 5.1 per cent to 1.9 per cent.
It comes at the same time as UBS’s analysts cut their price target for Aryzta dramatically – from 23.50 Swiss francs to 15.50 – which sent the baked goods company’s shares tumbling this on the Irish stock exchange from around €13.80 to a low during the week of €13.
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