Used vehicle purchase facilitator Reezocar has been bought by Societe Generale two years after the financial services firm supplied it with funding.
Financial services firm Societe Generale has paid an undisclosed amount to buy one of its portfolio companies, France-based automotive purchasing services provider Reezocar, for an undisclosed amount.
Reezocar operates a service that links prospective buyers to used vehicle listings from a range of partners, handling the inspection, registration and delivery of the vehicle itself. The deal will enable it to access insurance services through Societe Generale subsidiary Societe Generale Assurances.
Another Societe Generale subsidiary, CGI Finance, had invested an undisclosed…
