07:03 AM EDT, 08/18/2026 (MT Newswires) -- Private equity firm Ardian engaged UBS Group (UBSG.SW) to explore a potential sale of Switzerland-based Swissbit, Bloomberg News reported Tuesday, citing unnamed sources. The proposed deal could value Swissbit, which provides industrial data storage and security products, at "several billion dollars," the sources told Bloomberg. The plans are at an early stage and there is no certainty that a deal would materialize, the sources said. UBS and Ardian did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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