SWISS AUTHORITIES ARE steps weighing unprecedented to force through a UBS Group takeover of Credit Suisse Group, with the risk of some form of nationalisation rising by the minute before markets open on Monday.
UBS is offering to buy Credit Suisse for about 1 billion francs ($1.1 billion), a deal that the troubled Swiss firm is pushing back on with backing from its biggest shareholder, Saudi National Bank, people with knowledge of the matter said. But its negotiating leverage is limited as other options may be even more painful for its equity and bond investors.
Swiss officials are weighing changes to the law to avoid the need for shareholder votes on the deal, some of the people said. They are considering a full or partial nationalisation of Credit Suisse as a fallback option if a UBS deal collapses with time running out, said some of the people, who asked for anonymity discussing private deliberations.
Diese Geschichte stammt aus der March 20, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der March 20, 2023-Ausgabe von Financial Express Mumbai.
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