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 in December.  

Edited by: Tommy Fernandez


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