-- Citadel Securities has made a non-binding offer for Credit Suisse's securities venture in China, Bloomberg reports, citing unnamed sources.

-- Citadel put in an offer in late December for the business, which mainly comprises investment banking and brokerage operations, for a range of 1.5 billion to 2 billion yuan ($209.2 million-$278.9 million), according to Bloomberg.

-- Both Credit Suisse parent company UBS and Citadel Securities declined to comment when contacted by Dow Jones Newswires.

Full story: https://shorturl.at/bgyOW

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

January 11, 2024 03:04 ET (08:04 GMT)

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