UBS Group AG has approached several financial firms to assess their interest in acquiring the Chinese brokerage venture of Credit Suisse, according to insiders.
![](https://krugmaninsights.com/wp-content/uploads/2023/09/LHXP6G6PZCQXOLFJSFKGKXQY74-1024x538.webp)
The firms, which include Warburg Pincus, Citadel Securities LLC, and local financial groups, have reportedly received bid invitations.
The expectation is that bids will start at a minimum of 1 billion yuan ($137 million).