Credit Suisse rejects UBS’s offer to buy the bank for $1 billion

Date: March 19, 2023 Time: 19:48:53

UBS has moved the first card this Sunday morning in what is already the business game of the moment, according to various media outlets, the company through UBS Group AG would have offered to buy the Credit Suisse bank for 1,000 million dollars, which at the current exchange rate is about 930 million euros. A proposition that from the Swiss entity considering that it is too low, since the entity closed on Friday with a market value of 7,400 million francs or what is the same, about 8,000 million dollars. If they accept this offer, they argue that it would end up harming their shareholders and employees, according to sources known to Bloomberg.

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