Credit Suisse to sell most of its securitized products business to Apollo
[Zurich 15th Reuters] - Swiss financial giant Credit Suisse revealed on the 15th that an agreement to sell most of its securitized products and related business to the US fund Apollo Global Management has been finalized. Credit Suisse will finance part of the Apollo acquisition funds. The sale of the securitized commodity business is one of the highlights of the reconstruction plan announced last month. The assets of the same business are expect…
Credit Suisse sells most of its securitized products business to Apollo as it speeds up restructure
Credit Suisse said it would accelerate the restructure of its investment bank by selling a significant portion of its securitized products group to Apollo.
Credit Suisse to sell bulk of Securitized Products Group to Apollo
ZURICH -- Credit Suisse said on Tuesday it has finalized the sale of most of its Securitized Products Group and related financing businesses to U.S. buyout fund Apollo Global Management - a key part of a sweeping revamp for the Swiss bank.