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

📆 17/04/2023 23:31:00
📰 Reuters

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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.

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