So it appears the bidding war for Credit Suisse’s ETF business is over, according to Reuters
The newswire, citing a source familiar with the situation, reports that BlackRock
will buy the operation.
This arm of Credit Suisse runs over 40 ETFs, all in Europe.
News first broke
in October that Credit Suisse was shopping out the operation. In addition to BlackRock, State Street
was another early bidder
for the roughly $17 billion European division. State Street ended its bid
Stay ahead of the news ... Sign up for our email alerts now