Credit Suisse Group AG (CS, CSGN.VX) plans to sell its European exchange-traded funds business, and has received bids from BlackRock Inc. (BLK) and State Street Corp. (STT), Reuters reported Friday, citing sources familiar with the matter.

Initial bids were due in early October, Reuters reported.

Full story at http://www.reuters.com/article/2012/10/19/us-creditsuisse-etfsale-idUSBRE89I18F20121019

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