Großbank: UniCredit holt Wertpapier-Geschäft von Societe Generale zurück
Die Mailänder Bank wolle damit als strategisch erachtete Aktivitäten wieder selbst übernehmen. Dadurch soll die Abhängigkeit verringert und die Nutzung der Geschäftsdaten verbessert werden.
Milan - Italian major bank UniCredit plans to buy back its investment banking business from French Societe Generale, according to a union document obtained by Reuters on Tuesday. The Milan bank aims to regain strategic activities it regards as its own, the document states. This move will reduce dependence on an external provider and improve the utilization of business data.
Societe Generale had acquired the division, which handles clients' securities, from UniCredit in 2006; the related service contract was set to run until 2026. The affected unit employs 54 workers in Milan and Turin, according to the document. Financial details of the agreement were not disclosed. UniCredit and Societe Generale were initially unavailable for comment.
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