Credit Suisse Seeks Buyers for JO Hambro, Sunday Times Reports

Credit Suisse Group AG (CSGN) is selling JO Hambro Investment Management, the Sunday Times reported, without citing anyone.

Credit Suisse bought London-based JO Hambro, which employs about 100 people, in 2001 for 100 million pounds ($158 million), according to the newspaper. It may now be worth about 60 million pounds, the newspaper said.

A spokeswoman for Credit Suisse in London declined to comment on the report.

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