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Home » UPDATE 1-Ant Group outbids Citadel for Credit Suisse’s China unit, Bloomberg reports

UPDATE 1-Ant Group outbids Citadel for Credit Suisse’s China unit, Bloomberg reports

    Fintech giant Ant Group has outbid billionaire Ken Griffin's Citadel Securities for Credit Suisse's investment bank venture in China, Bloomberg News reported on Sunday, adding it was unclear whether the Chinese company's offer would succeed. Alibaba Group affiliate Ant Group's bid to build a securities business in China using Credit Suisse's operations would face a thorough review because Beijing favours a foreign buyer, the report said, citing people familiar with the matter.

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