The sale of nearly 54 million shares at a price of 6.195 euros per piece should yield around 334 million euros.
Credit Suisse continues its restructuring. The big bank announced Thursday after the close of trading the sale of its 8.6% stake in the Spanish fintech Allfunds.
The sale of nearly 54 million shares at a price of 6.195 euros per piece should bring in around 334 million euros, according to a statement released Friday morning.
The number two Swiss bank, which is going through a difficult period, dotted with scandals and rumours, can thus reassure the markets somewhat in relation to the state of its finances.
After completion of the transaction, Credit Suisse will no longer hold any Allfunds shares. This transfer is not surprising: lately, several press articles have relayed speculation on this subject.
The bank with two veils will present the results of its strategic review on October 27 at the same time as its quarterly figures.
Persistent rumors speak of disposals in all sectors of activity, and vagueness reigns over the number of job cuts and the need for fresh capital. So far, nothing concrete has filtered, with the exception of the bank’s confirmation of the sale of the Savoy hotel at Paradeplatz in Zurich and, now, that of its stake in Allfunds.