Credit Suisse Buys Hedging-Griffo

Credit Suisse Buys Hedging-Griffo


Credit Suisse announced Thursday it had agreed to buy a majority interest in Brazilian investment bank Hedging-Griffo for $294 million in cash. Credit Suisse will acquire a 50% stake plus one share in the Brazilian house. The agreement also allows for Credit Suisse to acquire the remaining stake in Hedging-Griffo after five years. The transaction is subject to approval by the Central Bank of Brazil and is expected to close by the middle of 2007. Upon closing, Hedging-Griffo will operate as Cred

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