SocGen and Calyon sign brokerage merger agreement
French investment banks Société
Générale and Calyon have signed a final agreement to merge their brokerage activities, provided by Fimat and Calyon Financial. The operational launch of the new entity, to be known as Newedge, is scheduled for early 2008, subject to regulatory approval. Newedge will be controlled equally by the two partners and will be headquartered in Paris. It is expected to have a combined staff of 3000 employees, located in the world's main financial centres.Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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