Credit Suisse Nears Sale of Securitized-Products Group

Summary by Ground News

A group including Apollo Global Management Inc. is in talks to buy at least part of Credit Suisse Group AG's securitized products business. The group also includes fund manager Pimco, said the people. The structure of the potential deal is unclear. No final decision has been made and the talks could fall through.

Published 3 months ago

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Reuters

Credit Suisse nears sale of securitized-products group to Apollo, Pimco

Credit Suisse is nearing a deal to sell its securitized-products group to investors Apollo Global Management and Pacific Investment Management Co, a person familiar with the matter told Reuters on Wednesday.

3 months ago·United Kingdom

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Financial Post

Credit Suisse nears sale of securitized-products group to Apollo, Pimco -WSJ

Credit Suisse is nearing a deal to sell its securitized-products group to investors Apollo Global Management and Pacific Investment Management Co, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Read More

3 months ago·Canada

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WION

Credit Suisse nears sale of securitised-products group to Apollo, Pimco: Report

Credit Suisse (CSGN.S) is nearing a deal to sell its securitized-products group to investors Apollo Global Management (APO.N) and Pacific Investment Management Co, a person familiar with the matter told Reuters on Wednesday. The Wall Street Journal, which first reported about the development, said Credit Suisse will give details of the sale and other measures for a planned strategy change on Thursday.

3 months ago·Noida, India

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OAN

Credit Suisse nears sale of securitized-products group to Apollo, Pimco -WSJ

(Reuters) – Credit Suisse is nearing a deal to sell its securitized-products group to investors Apollo Global Management and Pacific Investment Management Co, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.The consortium including Pimco, a big bond manager, and Apollo, a large alternative asset manager, beat out a group comprised of Centerbridge Partners and Martello Re Ltd., a life and reinsurance comp…

3 months ago·San Diego, United States

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Bloomberg

Apollo, Pimco in Talks to Buy Credit Suisse SPG Assets

A group including Apollo Global Management Inc. is in advanced talks to buy at least part of Credit Suisse Group AG’s securitized products business, according to people familiar with the matter.

3 months ago·United States

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