PARIS Nov 5 French bank Societe Generale
will announce on Thursday that it is buying Credit
Agricole's 50-percent stake in their Newedge brokerage
joint venture, French daily Le Figaro said on its website on
Under the agreement Credit Agricole will also raise its
stake in Amundi - the fund management business jointly owned by
the two banks - to 80 percent from 75 percent, the paper said.
SocGen declined to comment. Credit Agricole was not
immediately reachable for comment.
Reuters reported in June that Credit Agricole was in talks
to sell its Newedge stake to SocGen.
(Reporting by James Regan and Noelle Mennella; editing by David