Announced
BSAM to acquire a 85.01% stake in Credit Suisse Securities (China) from UBS for $91.4m.
Synopsis
BSAM, a Chinese sovereign wealth fund, agreed to acquire a 85.01% stake in Credit Suisse Securities (China), a securities joint venture established by Credit Suisse and Founder Securities, from UBS, a multinational investment bank, for $91.4m.
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