UBS buys AIG Commodity Index

News

UBS has announced that it plans to acquire the commodity index business of AIG Financial Products Group. The deal includes the rights to the Dow Jones-AIG Commodity Index, a longstanding industry benchmark.

The equities arm of UBS has agreed to pay $15 million for the business, with an additional $135 million payable over the next 18 months depending on the acquisition's future earnings. The purchased platform is made up of commodity index swaps and funded notes based on the DJ-AIG Commodity Inde