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UBS / UBS may try to renegotiate deal terms with Apollo after sale of securitized products unit: Bloomberg

UBS may try to renegotiate deal terms with Apollo after sale of securitized products unit: Bloomberg
UBS AG UBS, +0.70% executives may seek to renegotiate the sale Credit Suisse's securitized products unit (SPG) to Apollo Global Management Inc. APO, +2.50% partly because of the fees that Credit Suisse agreed to pay Apollo, Bloomberg reported on Tuesday. Citing people familiar with the situation, Bloomberg said Apollo would have to agree to re-open deal talks after Credit Suisse inked the deal prior to UBS's distressed acquisition of its fellow Swiss bank earlier this year. Read More
Posted: Sep 5 2023, 12:54
Author Name: Market Watch
Views: 092025

UBS News  

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