Societe Generale to Acquire Commerzbank’s Equity Markets and Commodities Business

Societe Generale announced that it has reached an agreement to acquire Commerzbank’s Equity Markets and Commodities business (EMC), a European manufacturer, distributor and market maker of structured and flow products, as well as asset management solutions. 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. The transaction is subject to pre-clearance with competent tax authorities, approval by further relevant authorities and the required steps towards social partners as well as the finalization of legal documentation. Societe Generale anticipates receiving clearance in the 2nd semester of 2018. The transaction would include the transfer of EMC’s trading books, client franchise, and part of the IT infrastructure. The integration of activities and associated teams are expected to take place gradually from end of 2018.

© 2025 Financial Information Forum

Press enter to search
Press enter to search

Interested in joining us?

Download membership kit

Key Reasons to Join

  1. Stay informed on Current Regulatory and Market Initiatives
  2. Drive Industry Issues to Successful Resolution
  3. Impact the implementation timing and methodology of new rules
  4. Apply FIF Insight Within Your Firm