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08 Nov 2018

A key milestone in the acquisition project that will support Lyxor’s growth in Germany is reached as Commerzbank and Societe Generale sign the Business Purchase Agreement for Commerzbank’s Equity Markets & Commodities business

Commerzbank and Societe Generale announce the signature of a Business Purchase Agreement for Commerzbank’s Equity Markets & Commodities business (EMC). On 3 July 2018, both banks already announced an agreement for the sale of Commerzbank’s EMC business to Societe Generale. The transaction has been approved by the employee representative committees in Germany and remains subject to the approval by relevant authorities.

Read the full press release