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BlackRock says not participating in any plans to acquire Credit Suisse

Published 03/18/2023, 06:56 AM
Updated 03/18/2023, 07:00 AM
© Reuters. FILE PHOTO: The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri//File Photo
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LONDON (Reuters) - BlackRock (NYSE:BLK) said on Saturday it had no plans or interest to acquire embattled Swiss lender Credit Suisse, a spokesperson for the U.S. asset manager said.

© Reuters. FILE PHOTO: The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri//File Photo

“BlackRock is not participating in any  plans to acquire all or any part of Credit Suisse, and has no interest in doing so," the spokesperson told Reuters.

The Financial Times reported earlierthat BlackRock was working on a rival bid for Credit Suisse aiming to upstage a plan for UBS to acquire the struggling bank. The U.S. investment giant is evaluating a number of options and working with other investors, the FT added.

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