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Crdit Agricole in CACEIS deal
French bank Crédit Agricole said yesterday it had completed a deal to buy 35 per cent of fund administrator CACEIS from investment bank Natixis. The transaction raises the lender’s stake in CACEIS to 85 per cent, with Natixis rettaining the remainder. CACEIS is one of the world leaders in investor services, with around ¤2.2 trillion (£1.9 trillion) in assets under custody and ¤1 trillion in funds under administration. The deal has received regulatory approval.