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BlackRock denied working on possible rival bid for Credit Suisse

BlackRock has denied that it's working on a possible rival bid for Credit Suisse Group AG

BlackRock
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Photo: Bloomberg

Bloomberg
By Dinesh Nair

BlackRock denied that it’s working on a possible rival bid for Credit Suisse Group AG, after the Financial Times reported it’s interested in a deal. 
 
“BlackRock is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so,” according to a spokesman for the US investment giant. 

The Financial Times reported the US firm is considering various options and working with other investors on a potential deal. That came after the Swiss firm entered talks on a possible combination with UBS Group AG. The newspaper cited people

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First Published: Mar 18 2023 | 6:45 PM IST

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