Feb 7 (Reuters) – Apollo Global Management is in talks to acquire a stake in Credit Suisse Group’s investment bank CS First Boston, The Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Talks initiated by a financial consortium, of which Apollo is a part, are continuing, the newspaper said, without mentioning the size of the potential stake or the value of the transaction.
Apollo Global and Credit Suisse declined to comment on the article.
CS First Boston, created last year, notably provides advice on mergers and acquisitions, raises capital for its clients in the equity and debt markets. (Written by Shivani Tanna in Bangalore, French version Dina Kartit, editing by Kate Entringer)
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