SocGen, Fortis Take Stakes in SecFinex
VENDOR UPDATE
LONDON--SecFinex, an electronic marketplace for securities lending, has sold undisclosed stakes in its business to two key clients: Societe Generale’s Corporate and Investment Banking Division and Fortis Bank.
Further details of the sale have not been revealed, but the combined investment is certain to be less than 100 percent ownership because existing shareholders, Cazenove Private Equity and Mutant Technology, continue to hold stakes. The sale to SocGen and Fortis is still pending regulatory
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