UBS says assets being sold to Blackrock 11.2 billion pounds

ZURICH (Reuters) - UBS (UBSN.VX) said on Tuesday that the nominal value of assets being sold to BlackRock Inc (BLK.N) was $22 billion (11.2 billion pounds).

Investment banking head Jerker Johansson said the markdowns in the sale were mostly in line with the level to which UBS had already marked down the assets in its books.

"They are broadly in line with the valuation we have on our books," he said.

(Reporting by John O'Donnell; Editing by Quentin Bryar)