Navigation

Credit Suisse buys Spain's General de Valores

Credit Suisse's acquisition of Barcelona-based General de Valores y Cambios will be subjected to regulatory approval Keystone Archive

Credit Suisse has signed a letter of intent to buy Spanish broker and asset manager, General de Valores y Cambios.

This content was published on April 19, 2001 - 09:53

Switzerland's second largest financial group said the acquisition was still subject to regulatory approval and gave no financial details.

General de Valores, based in Barcelona, has 840 million euros (SFr1.3 billion) in assets under management. It has 20,000 clients and a network of 150 financial advisors.

The move fits into Credit Suisse's strategy to serve affluent European investors on a country-by-country approach. The bank said the acquisition would serve as a platform to launch its personal financial services activities in Spain.

swissinfo with agencies

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

Comments under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Share this story

Join the conversation!

With a SWI account, you have the opportunity to contribute on our website.

You can Login or register here.