December 4, 2019 / 8:21 PM / 6 days ago

BRIEF-Julius Baer books provision for court case, to make appeal

Dec 4 (Reuters) - Julius Baer Gruppe AG:

* ZURICH COURT OF APPEAL AFFIRMED CLAIM BY BUNDESANSTALT FÜR VEREINIGUNGSBEDINGTE SONDERAUFGABEN AGAINST BANK JULIUS BAER IN AN AMOUNT OF APPROX. CHF 97 MILLION

* AS A CONSEQUENCE, JULIUS BAER WILL PREVENTATIVELY BOOK A PROVISION IN AMOUNT OF CHF 153 MILLION

* SAYS JULIUS BAER WILL APPEAL CASE TO SWISS FEDERAL SUPREME COURT AND CLAIM ANY FINALLY AWARDED AMOUNT FROM UBS AG UNDER TERMS OF RELATED TRANSACTION AGREEMENT OF 2005 Source text for Eikon: Further company coverage: (Reporting By Michael Shields)

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