Societe Generale / Reezocar 2020
Societe Generale acquired Reezocar on December 14, 2020.
- Target
- Reezocar
- Acquirer
- Societe Generale
- Announced
- December 14, 2020
- Sub-sector
- Embedded Finance
Transaction overview
- Societe Generale announced the acquisition of Reezocar on December 14, 2020.
- The deal is expected to close pending customary conditions.
Strategic rationale
Expands fintech portfolio and open banking strategy; enables financing and insurance offerings through integrated services to car purchasers.
Deal terms & multiples
Frequently asked questions
When did Societe Generale announce the acquisition of Reezocar?
Societe Generale announced the acquisition of Reezocar on December 14, 2020.
What sub-sector is Reezocar in?
Reezocar is tracked in the Embedded Finance sub-sector.
Sources
- crowdfundinsider.com /2020/12/170263-voitures-societe-generale-acquires-online-car-purchasing-platform-reezocar/