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SocGen, Credit Agricole to End Newedge Partnership: Figaro 2013-11-05 18:37:56.85 GMT
By Fabio Benedetti-Valentini Nov. 5 (Bloomberg) -- Societe Generale will become 100% owner of Newedge derivatives brokerage while Credit Agricole will increase its holding in asset-manager Amundi to 80% from about 75%, Le Figaro reported on its website today, without saying where it got the information. * Societe Generale to increase its holding in Newedge by swapping part of its stake in Amundi: Figaro * Credit Agricole and Societe Generale keep strategic partnership in asset management: Figaro * Societe Generale and Credit Agricole to announce assets swap on Nov. 7: Figaro * Societe Generale’s spokeswoman declined to comment when called by Bloomberg; Credit Agricole didn’t immediately return call seeking comment * EARLIER: Credit Agricole, SocGen Plan to End Joint Ventures, JDD Says
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To contact the reporter on this story: Fabio Benedetti-Valentini in Paris at +33-1-5365-5095 or fabiobv@bloomberg.net
To contact the editors responsible for this story: Frank Connelly at +33-1-5365-5063 or fconnelly@bloomberg.net; Edward Evans at +44-20-3525-3190 or eevans3@bloomberg.net