2023-12-07 13:55:58
UBS AG and Credit Suisse AG sign merger agreement
The boards of directors of the UBS Group and the two operating companies have approved the takeover. The final completion is scheduled to take place in 2024.
Merger agreement signed: View of the logos of the two banks UBS and Credit Suisse on Paradeplatz.
Photo: Ennio Leanza (Keystone)
Around six months following the takeover of Credit Suisse Group by the UBS Group, the merger agreement between the operating companies UBS AG and Credit Suisse AG has now been finalized. The boards of directors of the UBS Group and the two companies have approved the merger.
Following approval by the respective boards of directors, the two companies concluded a merger agreement, UBS announced on Thursday. The merger is now expected to be completed in 2024, subject to regulatory approval.
UBS is also preparing the planned merger of UBS Switzerland AG and Credit Suisse (Schweiz) AG, it is said. The merger of the two Swiss companies is also expected to take place in 2024.
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