ZURICH, Mar 27 (Reuters): UBS has sealed the sale of Credit Suisse's securitised products business to Apollo Global Management as part of efforts to shed non-core assets after its takeover of the collapsed banking group.
Apollo will purchase $8 billion of "senior secured financing facilities", UBS said on Wednesday, adding that it expects to make a net gain of about $300 million from the deal.
UBS sells $8b of Credit Suisse assets to Apollo
FE Team | Published: March 27, 2024 23:43:37
UBS sells $8b of Credit Suisse assets to Apollo
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