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CapGen lowers stake in Union Bankshares

An investor group that includes CapGen Capital Group VI LP decreased its beneficially owned stake in Union Bankshares Corp. to 6.0% from the 7.3% reported in January.

The group has disposed of an aggregate of 818,900 common shares since the Jan. 10 ownership filing.

It now beneficially owns an aggregate of 3,960,560 common shares of the Richmond, Va.-based company.