Summary:
Indosuez Wealth Management has successfully acquired Belgium’s largest private investment bank, Degroof Petercam, and has become a majority shareholder.
Full Story:
Indosuez Wealth Management, a subsidiary of Crédit Agricole S.A., has successfully acquired Belgium’s largest private investment bank, Degroof Petercam. With the necessary approvals from banking and competition authorities secured, the acquisition allows for the collaboration of Degroof Petercam’s team with Indosuez Wealth Management, thus fortifying both entities. In addition to Indosuez Wealth Management, CLdN Cobelfret, a historical shareholder of Degroof Petercam, now holds a majority stake in the bank. This development marks a significant milestone for both companies and sets the stage for enhanced growth and success in the future.
Source:
news.mc
