UBS Acquires Credit Suisse
March 20, 2023
UBS Group AG agreed to acquire Credit Suisse Group AG in a government-supported deal announced March 2023, with Credit Suisse shareholders receiving UBS shares as consideration. The transaction (and subsequent merger of the Swiss operating entities) was structured to stabilize Credit Suisse, expand UBS's wealth and asset-management scale, and realize cost synergies across the combined bank.
- Buyers
- UBS Group AG, UBS Switzerland AG
- Targets
- Credit Suisse Group AG, Credit Suisse (Schweiz) AG
- Sellers
- Shareholders of Credit Suisse
- Industry
- Financial Services
- Location
- Zurich, Switzerland
- Transaction Type
- Buyout
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