Fédération des caisses Desjardins du Québec confirmed it will amalgamate with Caisse centrale Desjardins du Québec through absorption after getting regulatory approvals and given Autorité des marchés financiers' issuance on Dec. 22 of a certificate of amalgamation.

The amalgamation will take effect Jan. 1, 2017.

Desjardins Group is the ultimate parent of Fédération des caisses Desjardins du Québec and Caisse centrale Desjardins du Québec.