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- BlackRock has denied reports it is preparing a takeover offer for beleaguered Swiss lender Credit Suisse.
- The Financial Times, citing people familiar with the matter, said a U.S. asset manager was working on a bid to buy the bank.
- UBS is also being discussed as a potential buyer, with the FT reporting on Friday that it is in talks to buy all or part of Credit Suisse.
Friday, January 13, 2023, BlackRock headquarters in New York, USA. Via Getty Images
Michael Nagle | Bloomberg | Bloomberg | Getty Images
BlackRock has denied reports it is preparing a takeover offer for beleaguered Swiss lender Credit Suisse.
A spokesperson for the company told CNBC on Saturday morning, “BlackRock is not participating in, and has no interest in, any plans to acquire all or part of Credit Suisse.
The announcement came after the Financial Times reported, citing people familiar with the matter, that the U.S. asset manager was working on a bid to buy the bank.
UBS is also being discussed as a potential buyer, with the FT reporting on Friday that it is in talks to buy all or part of Credit Suisse after a tough week when the company’s share price fell. .
This is a developing story and will be updated soon.
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