A multijurisdictional team assisted Indosuez Wealth Management Group, a subsidiary of French international banking group Crédit Agricole Group, in the context of the acquisition of majority stake in Degroof Petercam. The latter is an independent family-owned leader in wealth management in Belgium and a reference investment house managing international client assets of €71 billion.
The alliance of Degroof Petercam and the Indosuez Wealth Management group would create a pan-European leader in wealth management benefiting from global growth drivers and positioning itself as a consolidator of the sector in Europe.
The finalization of the agreement between CA Indosuez Wealth (Europe) and Degroof Petercam is subject to the approval of the relevant regulatory and competition authorities. The transaction is expected to be completed in 2024.
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