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UniCredit Agrees to Buy Back Securities-Services Unit From Societe Generale

UniCredit signed an agreement to repurchase its securities-services business from Societe Generale, according to a union document seen by Reuters.

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UniCredit, Italy’s second-biggest bank, has signed an agreement to buy back its securities-services business from French lender Societe Generale, according to a union document reviewed by Reuters on Monday. The unit oversees investors’ securities and related administration.