Euroclear today announced that it has entered into exclusive negotiations to acquire Uptevia, a leading French corporate trust services provider.

Uptevia is currently jointly owned by BNP Paribas and CACEIS, a wholly owned subsidiary of Crédit Agricole S.A.

The proposed acquisition marks an important step in Euroclear’s strategy to broaden its issuer services capabilities and support companies throughout their capital markets journey. Uptevia will bring deep expertise in issuer services, including register management, general meetings, employee share plans and complex corporate action support.

Through Uptevia, Euroclear will add specialist issuer capabilities and reinforce its position in the French market, complementing its existing market infrastructure and post-trade services across key European markets, including Belgium, France, the Netherlands, the Nordics and the United Kingdom.

Valérie Urbain, Chief Executive Officer of Euroclear, said:

“Uptevia is a highly respected issuer services provider with deep expertise, strong client relationships and a proven platform in France. The proposed acquisition supports our ambition to develop a broader pan-European issuer services proposition, aligned with the Savings and Investments Union objectives, helping us better serve issuers across both equity and debt capital markets while preserving the strengths that have made Uptevia successful.”

Service continuity for Uptevia’s clients will remain a key priority throughout the process. Uptevia will continue to serve its clients as it does today, while benefiting from the support and long-term commitment of Euroclear as a prospective shareholder.