UBS to Complete Credit Suisse Takeover as Early as June 12
- Closing will create powerhouse in global wealth management
- Credit Suisse shares to be delisted upon completion of deal
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UBS Group AG expects to complete its acquisition of Credit Suisse Group AG as early as June 12, creating a new powerhouse in European banking and ending weeks of uncertainty for the lenders’ more than 100,000 employees.
The closing of the deal is still subject to certain conditions, including some that UBS said it could waive, according to a statement Monday. Upon completion, Credit Suisse shares will be delisted from the Swiss SIX Stock Exchange on June 13 and the New York Stock Exchange on June 12.