Brussels, 19/03/2014 (Agence Europe) - On Monday 17 March, the European Commission gave the go-ahead to acquisition of exclusive control of Newedge Group S.A. by Société Générale, both of France. Newedge was formerly jointly controlled by Société Générale and Crédit Agricole Corporate and Investment Banking (CACIB). Newedge provides brokerage and clearing services across a broad range of listed and bilaterally traded derivatives and securities in the European Economic Area, North America and Asia. Société Générale is active in the field of retail banking, corporate and investment banking, private banking, asset management, and securities services worldwide. Within corporate and investment banking, Société Générale operates to some extent on the same markets as Newedge. The parties are both globally active in the markets for brokerage services and its various sub-segments. The Commission concluded that the proposed acquisition would not raise competition concerns, because the overlaps between the parties' activities are limited and a number of national, regional and global players will remain active in the markets for the execution and clearing of brokerage services for listed and OTC derivatives. (EL)