The deal with Apollo and the sale of other assets to third-party investors would slash the value of assets under its securitized-products group to roughly...
Credit Suisse Group AG has entered into definitive transaction agreements to sell a large part of its securitized-products group and other financing businesses to Apollo Global Management Inc. as it seeks to derisk its investment bank and divert capital to its core businesses.
Apollo will manage those remaining assets under an investment relationship with an expected term of five years to be agreed upon at the first closing.
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