BN 11/06 12:50 *SOCGEN MERGING US BROKER-DEALERS PART OF NEWEDGE SYNERGIES
BN 11/06 12:50 *SOCGEN TO MERGE ITS TWO US BROKER-DEALERS START OF 2015: VALET
BN 11/06 12:50 *SOCGEN TO MERGE ITS TWO US BROKER-DEALERS START OF 2015: VALET
SocGen to Merge Its Two U.S. Broker-Dealers Start of 2015: Valet
2014-11-06 13:02:06.118 GMT
By Fabio Benedetti-Valentini
Nov. 6 (Bloomberg) -- Merging U.S. broker-dealers part of
Societe Generale’s planned savings from full ownership of
derivatives brokerage Newedge, corporate- and investment-banking
CEO Didier Valet tells analysts in webcast.
* “Beginning of 2015 we will be even more able to accelerate
these synergies:” Valet
* SocGen in May acquired 50% stake it didn’ own in Newedge and
it has said it plans ~EU200m revenue and cost savings by
2016
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To contact the editor responsible for this story:
Fabio Benedetti-Valentini at +33-1-5365-5095 or
fabiobv@bloomberg.net
2014-11-06 13:02:06.118 GMT
By Fabio Benedetti-Valentini
Nov. 6 (Bloomberg) -- Merging U.S. broker-dealers part of
Societe Generale’s planned savings from full ownership of
derivatives brokerage Newedge, corporate- and investment-banking
CEO Didier Valet tells analysts in webcast.
* “Beginning of 2015 we will be even more able to accelerate
these synergies:” Valet
* SocGen in May acquired 50% stake it didn’ own in Newedge and
it has said it plans ~EU200m revenue and cost savings by
2016
Link to Company News:{2145668Z FP <Equity> CN <GO>}
Link to Company News:{GLE FP <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Fabio Benedetti-Valentini at +33-1-5365-5095 or
fabiobv@bloomberg.net