SocGen Said to Lift Newedge Stake in Swap With Agricole

Societe Generale SA, France’s second-largest bank by market value, may become sole owner of the derivatives brokerage Newedge Group, two people with knowledge of the matter said.

The Paris-based bank plans to swap part of its stake in asset manager Amundi Group to Credit Agricole SA for the 50 percent of Newedge it doesn’t already own, the people said, speaking on condition of anonymity because the matter isn’t public. An announcement may be made as soon as tomorrow, when the banks report earnings, the people said.