SocGen acquires online car buying platform Reezocar
Societe Generale has acquired Reezocar, a French online platform for buying used cars. Financial terms were not disclosed.
The acquisition comes after SocGen subsidiary CGI Finance bought a stake in Reezoacar and will see the platform make strides in the insurance sector through the backing of Societe Generale Assurances.
Claire Calmejane, chief innovation officer, SocGen, says: “Synergies with our different businesses are numerous and allow us to go further in our Open Banking strategy.”