Euroclear Enters Exclusive Talks to Acquire French Corporate Trust Services Provider Uptevia | LeapRate
Euroclear revealed on Tuesday that it has entered into exclusive negotiations to acquire Uptevia, a leading French corporate trust services provider currently jointly owned by BNP Paribas and CACEIS, the wholly owned subsidiary of Crédit Agricole S.A.
The proposed acquisition is expected to strengthen Euroclear’s issuer services capabilities in France and forms part of a broader ambition to build a pan-European issuer services proposition.
Uptevia provides a range of specialist services including register management, general meetings, employee share plans and complex corporate action support.
“Uptevia is a highly respected issuer services provider with deep expertise, strong client relationships and a proven platform in France,” said Valérie Urbain, Chief Executive of Euroclear. “ The proposed acquisition supports our ambition to develop a broader pan-European issuer services proposition, aligned with the Savings and Investments Union objectives.”
The deal would complement Euroclear’s existing market infrastructure and post-trade services presence across key European markets, including Belgium, France, the Netherlands, the Nordics and the United Kingdom.
Euroclear believes the acquisition aligns with its strategy to support companies throughout their capital markets journey across both equity and debt markets.
Service continuity for Uptevia’s existing clients will remain a priority throughout the process, with Uptevia continuing to serve clients as it does today while benefiting from Euroclear’s long-term commitment as a prospective shareholder.
