Swiss government awards $9.7 mln contract related to Credit Suisse - UBS merger

  • 📰 Reuters
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

The Swiss government has awarded an advisory mandate worth up to 8.7 million Swiss francs ($9.70 million) to Alvarez & Marsal Switzerland, linked to the rescue of Credit Suisse , according to state procurement platform Simap.ch on Monday.

The logo of Credit Suisse is pictured in front of the Swiss Parliament Building, in Bern, Switzerland, March 19, 2023. REUTERS/Denis Balibouse/File PhotoZURICH, April 17 - The Swiss government has awarded an advisory mandate worth up to 8.

A spokesperson for the Ministry of Finance said that Alvarez & Marsal would provide advice to the government during the negotiations to draw up a detailed agreement with UBS and in the liquidation of the assets.Ten days ago, the Ministry of Finance also awarded the law firm Niederer Kraft Frey a contract to advise on the contractual implementation of the granting of the guarantee. The Ministry of Finance will pay up to CHF 10.3 million for this service.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

15 stocks that will post strong results in a weak Q1: Credit SuisseThese 15 stocks will matter the most to corporate profits during a quarter where earnings will fall again, according to Credit Suisse
Source: BusinessInsider - 🏆 729. / 51 Read more »