UBS SEEKS BUYERS FOR CREDIT SUISSE CHINA BROKERAGE.

"UBS is exploring a sale of Credit Suisse's Chinese brokerage business. According to media reports, it's contacted several firms, including Warburg Pincus and Citadel Securities, as well as Chinese institutions to explore their interest in buying Credit Suisse's Chinese securities business.
According to anonymous sources, the bids are expected to start at one billion yuan ($137 million), «Bloomberg» (behind paywall) reported. Since UBS already controls a securities firm in China it can't hold two licenses for the same business."

SOURCE :

https://www.finews.com/news/english-news/59479-ubs-credit-suisse-china-brokerage-sale-warburg-pincus-citadel

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