Group of Banks Makes Equity Investment in Osttra

MT Newswires Live02-26 18:47

Bank of America (BAC), Barclays (BCS), Citigroup (C), HSBC (HSBC), UBS Group's (UBS) UBS Investment Bank, and Wells Fargo (WFC) have committed to invest in post-trade services provider Osttra, the latter said Thursday.

Investment terms weren't disclosed.

Funds managed by KKR (KKR) will continue to own a majority stake in Osttra, it said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment