1 Min Read
Feb 20 (Reuters) - Ubs Group AG
* Northern Trust to acquire fund services units of UBS in Luxembourg and Switzerland
* UBS Group -Entered agreement for Northern Trust to acquire UBS asset management's fund administration servicing units in Luxembourg and Switzerland.
* Goldman Sachs International served as financial advisor to Northern Trust on transaction.
* Transaction is expected to close in second half of 2017
* UBS - Upon completion of deal , Northern Trust will become fund administration services provider for funds with approximately CHF420 billion in assets
Source text for Eikon:
Further company coverage: