Crédit Mutuel Arkéa to Acquire Retail Securities Services Custody Business from Societe Generale (SGSS)
March 20, 2026
Societe Generale (via its Societe Generale Securities Services, SGSS) signed a memorandum of understanding with Crédit Mutuel Arkéa for the divestment of SGSS’s French retail securities services custody account-keeping delegation activity. The acquisition will be completed through Crédit Mutuel Arkéa’s subsidiary ProCapital, which is expected to become the securities services provider for BoursoBank and Societe Generale Private Banking in France, with completion expected in 2028 subject to approvals and employee consultation.
- Buyers
- Crédit Mutuel Arkéa, ProCapital
- Targets
- Societe Generale Securities Services (SGSS) — retail securities services custody account-keeping delegation activity
- Sellers
- Societe Generale
- Platforms
- ProCapital
- Industry
- Financial Services
- Location
- France
- Transaction Type
- Divestiture
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