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Sign in Sign up for a FREE subscriptionMitsubishi, UBS seek $1.7b for joint real estate unit
Mitsubishi Corp. and UBS Asset Management, part of UBS Group AG, are considering the sale of a jointly owned real estate management company for about 200 billion yen ($1.7 billion), reported Bloomberg, citing people with knowledge of the matter.
The trading company, part of the Mitsubishi group of companies, owns 51% of the real estate venture, with UBS Asset Management owning the rest.
