Navigation

CSFB makes offer for Italian funds unit

Credit Suisse is looking to further expansion Keystone Archive

Credit Suisse First Boston has offered SFr1.5 billion ($840 million) for the Azimut funds unit of the Bipop-Carire bank, according to an Italian newspaper report.

This content was published on June 22, 2001 - 10:36

CSFB's offer dwarfs five other bids made for the Italian bank's mature fund-management business, which was put up for sale earlier this month. There was no comment either from CSFB or Bipop-Carire.

Analysts say Bipop's adviser, Rothschild Italia, presented the offers to the bank's board on Wednesday.

Bipop is selling Azimut at a time when the bank itself, with a market capitalisation of SFr13.5 billion, is the target of takeover speculation.

swissinfo with agencies

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

Contributions 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

Change your password

Do you really want to delete your profile?