BSAM to acquire a 36% stake in Credit Suisse Securities (China) from UBS for $91.4m.

Synopsis

BSAM, a Chinese sovereign wealth fund, agreed to acquire a 36% 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.

Principals

target

Credit Suisse Securities (china)

bidder

Beijing State-owned Assets Management (bsam)

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Market Context

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Seller Team (1)

steven zhang

CEO at CREDIT SUISSE SECURITIES (CHINA)

Manager

target

Deal

£ 72 M

Total Value

Vendor Team (2)

sergio p. ermotti

CEO at UBS AG

Manager

vendor

Deals

£ 2.89 B

Total Value

todd tuckner

CFO at UBS AG

Manager

vendor

Deal

£ 72 M

Total Value

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