BlackRock denied it was working on a bid for Credit Suisse.

(Schematic, Reuters)

[Financial Channel/Comprehensive Report] Recently, foreign media reported that the US asset management company "BlackRock" intends to participate in the bidding for Credit Suisse (Credit Suisse).

BlackRock responded by denying that it was preparing to participate in a bid for Credit Suisse.

The British "Financial Times" recently quoted people familiar with the matter as reporting that BlackRock is planning a bid for Credit Suisse, aiming to defeat the Swiss National Bank's approval of UBS's plan to acquire Credit Suisse this week.

The U.S. investment giant is evaluating options and working with other investors on possible mergers and acquisitions.

Please read on...

BlackRock has communicated its interest to Credit Suisse, the people said.

At the same time, Credit Suisse is in in-depth discussions on a full or partial merger with UBS.

No deal is guaranteed at this stage, and any agreement, whether European or American, would face significant regulatory hurdles in Europe and the United States.

BlackRock co-founder and Chief Executive Larry Fink led the deal, people familiar with the matter said.

Larry Fink previously worked at Credit Suisse's investment banking business in Boston.

BlackRock has been Credit Suisse's largest client, particularly in its fixed-income trading arm, the report said.

According to sources, if BlackRock acquires Credit Suisse's U.S. business, it will have the opportunity to take the real estate speculation business under its control.

In response to the above reports, BlackRock issued a statement on the 18th, saying that BlackRock will not participate in any plan to acquire Credit Suisse in whole or in part, and has no intention of doing so.

Credit Suisse declined to comment.

Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel

Already added friends, thank you

Welcome to 【Free Finance】

feel good

Already liked it, thank you.

related news