UniCredit to Buy Back Unit From Societe Generale
UniCredit has signed an agreement to repurchase its securities services business from Societe Generale. The move brings strategic activities back in-house and reduces reliance on external suppliers.
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UNICREDIT SPA signed an agreement on Monday morning to repurchase its securities-services business from SOCIETE GENERALE SA according to a union document. The transaction brings the unit back under Italy control two decades after the initial sale to France's second-biggest bank. The move allows the buyer to internalize core functions and improve data management ahead of the 2026 contract expiration.
