News Formal

UBS Invites Bidders for Credit Suisse’s China Brokerage Business

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

UBS Group AG has reached out to a number of financial firms to gauge their interest in buying the Chinese brokerage venture of Credit Suisse, according to people familiar with the matter.

The firm sent invitations to bid to companies including Warburg Pincus, Citadel Securities LLC and a number of local financial groups, the people said, requesting not to be named because the matter is private. One person said that the expectation for the bids is at least 1 billion yuan . UBS declined to comment.

Warburg hasn’t made any offer for the business as of now, one person said. The company didn’t respond to an emailed request for comment. Citadel declined to comment. Like other global banking powerhouses, Credit Suisse had gained full control of its venture in China as authorities opened up the financial markets. Credit Suisse last year agreed to buy out its China partner Founder Securities’s 49% stake for $160 million and had been waiting for regulatory approval to own 100%.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 83. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

UBS Takes Lead in $50 Billion Bond Market Left by Credit SuisseRival banks are flooding into a Credit Suisse-shaped hole in a resurgent market for arranging Swiss franc bond sales.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »