Credit Suisse, Lone Star buy former Fortis assets for $8.7B

Apr 27, 2013, 8:28 PM EDT

Credit Suisse and Texas-based Lone Star Funds are to buy the toxic assets of failed Belgian bank Fortis for €6.7 billion euros ($8.7 billion). They are acquiring Royal Park Investments SA, the vehicle set up in 2009 by the Belgian government and the French bank, BNP Paribas to manage the assets.

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