UBS, the Swiss banking giant, has confirmed that it plans to dispose of its shoe repair, key duplication, photo development and watch repair group Mister Minit, and other industrial stakes, according to reports from Germany. An unnamed UBS spokesperson stated in an interview with the press that an official announcement will be made in the second week of April. Unnamed experts from the sector value Mister Minit at between EUR 150-200m and it is expected that the operations will be sold to an investment company. An unnamed spokesperson of UBS in London also confirmed that negotiations are being held but did not wish to reveal any time-frame for the planned disposal. Mister Minit generates an annual turnover of EUR 270m. The book value of UBS' industrial stakes lies at around EUR 1.2bn.