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UBS and Credit Suisse's Swiss units are set to merge by July 1, according to a senior UBS executive. The takeover of Credit Suisse by UBS has raised concerns about Swiss companies facing consequences due to the enlarged bank's market dominance. UBS is now in final negotiations with a Beijing-backed fund for the sale of Credit Suisse's China unit after talks with Citadel Securities stalled.
UBS Group AG is in talks with a state-owned Chinese company over the sale of Credit Suisse’s China joint venture after an offer from Citadel Securities failed to meet expectations, people familiar with the matter said. https://t.co/38Cosm1QIT
UBS closes in on sale of Credit Suisse’s China unit to Beijing state-backed fund https://t.co/6syk2NllgB
EXCLUSIVE UBS has entered final negotiations with a Beijing-backed fund over the sale of Credit Suisse’s money-losing China venture after talks with Citadel Securities stalled, sources say https://t.co/pS4nVHoBlq via @business #Switzerland
