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SWISS FINANCIAL COMPANY INCREASES SHARE IN KOREAN RE.

Asia Africa Intelligence Wire

| May 24, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Asia Pulse)

SEOUL, May 24 Asia Pulse - UBS AG, a Zurich-based multinational financial firm, announced Monday it bought 1.15 million shares of Korean Re, South Korea's sole reinsurance company.

As a result, UBS AG became the second-largest shareholder of the reinsurance firm with a 10.72 …

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