On December 19th, radical investment fund Cevian Capital AB invested 1.2 billion euros (1.3 billion US dollars) to buy shares in UBS Group. Cevian stated that the established position is equivalent to approximately 1.3% of UBS's issued shares, and its holdings will make Cevian one of UBS's top ten investors. "We believe that UBS has enormous value potential," Cevian said. "The board of directors and management team have done an excellent job in integrating Credit Suisse, and we admire their determination to further improve UBS."