CBDG THC Farmaceuticals Inc (PK)

By Neil MacLucas 

ZURICH-- UBS AG has applied to delist its shares from the New York Stock Exchange and the SIX Swiss Exchange, a move which is related to the legal restructuring of the banking group and the creation of a new holding company.

Zurich-based UBS said on Wednesday that its shares would be delisted from the NYSE as of Jan. 17. The date for delisting from the SIX Swiss Exchange has yet to be decided.

UBS is the process of ring fencing its Swiss retail and corporate business from its international investment banking and wealth management operations.

Shares in the new holding company, UBS Group AG, began trading on the U.S. and Swiss exchanges in November last year after the bank completed a share exchange offer.

Write to Neil MacLucas at neil.maclucas@wsj.com

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