Societe Generale reaches an agreement with Commerzbank to acquire its Equity Markets and Commodities activities

Societe Generale is announcing that it has reached an agreement to acquire Commerzbank’s Equity Markets and Commodities business (EMC), a leading European manufacturer, distributor and market maker of structured and flow products as well as asset management solutions. With a state of the art technology platform, it benefits from significant franchises in diversified and complementary segments. The activities in the scope of this transaction are based in Frankfurt, London, Hong Kong, Paris, Luxembourg and Zurich. The transaction excludes the Cash Equity brokerage and commodities hedging businesses of Commerzbank.