Citadel Securities Makes Bid for Credit Suisse China Unit, Bloomberg Reports

-- Citadel Securities has made a non-binding offer for Credit Suisse's securities venture in China, Bloomberg reports, citing unnamed sources.

-- Citadel put in an offer in late December for the business, which mainly comprises investment banking and brokerage operations, for a range of 1.5 billion to 2 billion yuan ($209.2 million-$278.9 million), according to Bloomberg.

-- Both Credit Suisse parent company UBS and Citadel Securities declined to comment when contacted by Dow Jones Newswires.

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(END) Dow Jones Newswires

01-11-24 0304ET