BlackRock are amongst the interested parties in Credit Suisse’s European ETF business, as the company is reporting seeking a buyer for its business.
Reuters indicate that bids in the region of $17bn have been put forward by BlackRock and State Street Global Advisors.
BlackRock is the largest ETF provider within Europe, with over 40% of the market. Credit Suisse is seeking to sell its ETF business (including 58 ETFs in Europe) in order to increase its available capital in line with new regulatory requirements within the finance industry.
