Exclusive: BlackRock to buy Credit Suisse's European ETF business - source
Posted : Wednesday, 09 January 2013 01:06PM
NEW YORK (Reuters) - BlackRock Inc has won the bidding for Credit Suisse Group AG's European exchange-traded fund business, according to a source familiar with the situation.
The deal is expected to be announced shortly, said the source, who declined be identified because the deal is not yet public. The value of the deal could not be determined.
A BlackRock spokeswoman and a Credit Suisse spokeswoman declined to comment.
(Reporting By Jessica Toonkel; editing by Carol Bishopric)
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