UBS, Credit Suisse enter into definitive merger agreement

Following the merger of the holding companies UBS Group AG and CS Group AG on June 12, 2023, the Board of Directors of UBS Group AG has approved the execution of a merger of UBS AG and Credit Suisse AG. Following approvals from their respective Boards, both entities have entered into a definitive merger agreement. The completion of the merger is subject to regulatory approvals and is expected to happen in 2024. Separately, UBS continues to prepare for the planned merger of UBS Switzerland AG and Credit Suisse AG also in 2024. In connection with the planned merger, UBS AG is filing with the US Securities and Exchange Commission a Form 6-K containing unaudited pro forma condensed financial information giving effect to the merger.