The French bank has now taken full ownership of the broker, securing its future
French bank Societe Generale has underlined its commitment
to futures clearing as it completed the acquisition of Newedge,
the broker it previously jointly owned with Credit Agricole,
writes Luke Jeffs.
Societe Generale said on Tuesday it had finalised the
acquisition of the 50% Newedge stake formerly owned by Credit
Agricole and taken full ownership of the futures firm.
SG also said it had sold 5% of Amundi, the asset manager, to
Credit Agricole, thereby reducing its stake in Amundi to
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.