Mohammed bin Salman intends to invest half a billion dollars in a company spin-off from Credit Suisse

Saudi Crown Prince Mohammed bin Salman intends to invest about $500 million in Credit Suisse First Boston, a subsidiary of the Credit Suisse investment bank, according to the Wall Street Journal.

The newspaper, quoting unnamed well-informed sources, listed a number of potential investors in the new unit emanating from the “Credit Suisse” bank.

In addition to the Saudi crown prince, the list of potential investors includes “Atlas Merchant Capital”, a private equity company run by the former head of the giant “Barclays” banking group, Bob Diamond, which also intends to pump $ 500 million into the unit, according to the sources quoted by the “Wall Street Journal”. .

On Sunday, the newspaper pointed out that Credit Suisse itself had previously reported that it had received a pledge of $500 million from an unnamed investor. His boss said last week that he had received other firm commitments.

Sources told The Wall Street Journal that the bank has not yet received an official offer from the Saudi side.

Credit Suisse revealed a massive restructuring plan at the end of October that focuses on a radical transformation of its investment banking unit, which has been rocked by a series of scandals.

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