Press Release: Mergers: Commission approves acquisition of asset management arm of Société Générale by Crédit Agricole

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of most of the activities of Société Générale Asset Management, a business division of the French-based Société Générale group, by Crédit Agricole Group, also based in France. After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.