Societe Generale finalizes the acquisition of Newdge

Wednesday, 7 May 2014 01:23am EDT 

Societe Generale:Announces that it has finalized the acquisition of Credit Agricole's 50 percent stake in the capital of Newedge, a derivatives brokerage subsidiary, thus bringing its ownership to 100 pct.As part of the deal, it has also sold 5 pct of the capital of Amundi to Credit Agricole, thus bringing Societe Generale's stake in the company to 20 pct. 

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