A spokesman for Calyon named industry consolidation and synergies as catalysts for a deal. The proposed group would be controlled equally by both banks, although exact financial terms have not yet been detailed. Fimat employs 1,900 staff, Calyon Financial 900.
Calyon and Société Générale are now going through a process of due diligence relating to the plan, which would also be put to employee representatives.
The week on Risk.net, July 14–20, 2017Receive this by email