CDC IXIS today announced plans merge its wholly-owned subsidiary, CDC IXIS Capital Markets. After the merger, the capital market activities that are currently being led by CDC IXIS Capital Markets will be transferred in full to CDC IXIS.
“This operation is in line with the internal reorganization of the CDC IXIS group as it aims to simplify its structure,” explains the bank. The merger will take effect from 20 December 2002, providing it is approved at the CDC IXIS shareholders’ meeting to be held on the same date.