
The major Milan bank wants to take over strategic activities again in order to reduce dependence.
The major Italian bank UniCredit is seeking to buy back its securities services business from the French Societe Generale in order to reduce its dependence on external providers.
AI-generated summary
Societe Generale took over the division from UniCredit in 2006; the service contract ran until 2026.
The Milan bank wants to take over activities that it considers strategic again. This is intended to reduce dependency and improve the use of business data.
Milan. The major Italian bank UniCredit wants to buy back the investment services business from the French Societe Generale. This emerges from a union document seen by the Reuters news agency on Tuesday.
The Milan bank wanted to take over activities considered strategic again, the document said. This reduces dependence on an external provider and improves the use of business data.
Societe Generale took over the division that looks after investors' securities from UniCredit in 2006; the associated service contract ran until 2026. According to the document, the affected unit employs 54 people in Milan and Turin.
Financial details of the agreement were not disclosed. UniCredit and Societe Generale could not immediately be reached for comment.
More: Unicredit invests in German financial start-up
AI outlook — possibilities, not facts
Takeover of investment services by UniCredit
Likely · Within months

Medium-sized companies in Germany are tying up more and more capital through high inventories and outstanding receivables. However, liquidity can be significantly increased through optimized working capital management, digital planning and cross-departmental collaboration.

At the federal government's first investment conference in Berlin, Chancellor Friedrich Merz promoted Germany as a business location. Amazon also announced investments of over 16 billion euros.

KKR co-boss Scott Nuttall announces that he wants to invest more capital in Germany despite economic headwinds and political debates. The focus is particularly on family-run medium-sized businesses and long-term partnerships.

Despite the crisis on the German labor market, the arms industry is booming and is increasingly looking for managers. According to a Handelsblatt survey, experts from IT, project management, sales and career changers from technical industries are particularly in demand.

The Amazon trading platform has announced that it will invest around 16 billion euros in Germany next year. The funds will flow into, among other things, the expansion of AWS data centers, logistics modernization and German Prime's own productions.
According to Chancellor Friedrich Merz, companies in the “Made in Germany” initiative have pledged investments of 800 billion euros by 2028. Merz emphasized the accelerated growth for 2026 at the “Invest in Germany” conference.