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Published 1 year ago

Ubs and the acquisition of Credit Suisse: this is why it was 'the deal of a life'

Summary by Corriere Della Sera
Davide Serra of Algebris, considers the acquisition of Credit Suisse for Ubs “the deal of life.” With the 16 billion francs for AT1 bonds, taking away the 3 paid by shareholders, Ubs received “an implicit gift of 13 billion,” adds Francesco Castelli of Banor Capital

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