UBS expects to seal Credit Suisse takeover as early as June 12

UBS may complete takeover by June 12

Bringing Taiwan to the World and the World to Taiwan

UBS To Complete Credit Suisse Takeover As Early As June 12

(Bloomberg) -- UBS Group AG expects to complete its acquisition of Credit Suisse Group AG as early as June 12, creating a new powerhouse in European banking and ending weeks of uncertainty for the lenders’ more than 100,000 employees.Continue Reading. Read more on Business News by BloombergQuint.

UBS says it expects to complete Credit Suisse takeover as early as June 12

The deal’s completion is subject to the registration statement, which covers shares to be delivered, being declared effective by the U.S. SEC, and other remaining closing conditions

UBS takeover of Credit Suisse to be completed by next week

The combined entity brings together two of the nation’s biggest banks with invested assets of more than 1.5 trillion US dollars (£1.2 trillion).

UBS expects to seal Credit Suisse takeover as early as June 12

Swiss banking giant UBS will be completing its takeover of Credit Suisse around 12 June. This is later than the expected date of UBS chief executive Sergio Ermotti. UBS has agreed to buy Credit Suisse on March 19 for $3.25 billion. Ermotti after the takeover will be handling invested assets worth $5 trillion.