CCI approves proposed merger of Credit Suisse Group AG with UBS Group AG

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..... CCI approves proposed merger of Credit Suisse Group AG with UBS Group AG
News and Press Release
Dated:- 19-5-2023

The Competition Commission of India (CCI) approves the proposed merger o .....

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..... f Credit Suisse Group AG with UBS Group AG. The UBS Group AG (UBS) is a multinational investment bank and financial services company founded and based in Switzerland, and active globally. UBS' busine .....

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..... sses comprise wealth management, asset management, investment banking services, and retail and corporate banking. In India, UBS' business is primarily focused on brokerage services. Credit Suisse Gro .....

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..... up AG (Credit Suisse) is a multinational investment bank and financial services company founded and based in Switzerland. Credit Suisse is active globally and its businesses comprise wealth management .....

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..... , asset management, investment banking services, and retail and corporate banking. In India, Credit Suisse's businesses comprise wealth management and investment banking services. The proposed combin .....

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..... ation entails UBS's proposed acquisition of Credit Suisse by way of an absorption merger with UBS being the surviving legal entity (Proposed Combination). Detailed order of the CCI will follow.
N .....

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..... ews - Press release - PIB .....

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