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Credit Suisse to Pay Over $90 Million to Take Control of Joint Venture

2019年04月16日 20:30 来源于 财新网
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Investment bank plans to raise its stake in Credit Suisse Founder Securities from 33.3% to 51%
Credit Suisse in Zurich, Switzerland in November 2011. Photo: IC

Swiss investment bank Credit Suisse plans to shell out 628.5 million yuan ($93.7 million) to become controlling shareholder of its Chinese securities joint venture, an exchange filing showed Monday.

The pricing marks the latest development in the acquisition, which comes amid China’s broader drive to grant foreign investors wider access to its financial markets.

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