Société Générale: completes two disposals
(CercleFinance.com) - On Friday night Société Générale announced finalising of the sale of its stake in La Banque Postale Financement, as well interests in private banking activities in Belgium.
"These transactions, together with the closing of the sale of the stake in Self Trade Bank (Boursorama subsidiary in Spain) and the closing of the sale of its stake in Societe Generale Expressbank (Bulgaria), brings to four the number of transactions closed since the beginning of 2019. These four transactions will have a cumulated impact on the Group's CET1 ratio of c. +18bps in Q1 19," SG said.
As part of its refocusing program, Société Générale has announced a total of ten disposals (including the four transactions mentioned).
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"These transactions, together with the closing of the sale of the stake in Self Trade Bank (Boursorama subsidiary in Spain) and the closing of the sale of its stake in Societe Generale Expressbank (Bulgaria), brings to four the number of transactions closed since the beginning of 2019. These four transactions will have a cumulated impact on the Group's CET1 ratio of c. +18bps in Q1 19," SG said.
As part of its refocusing program, Société Générale has announced a total of ten disposals (including the four transactions mentioned).
Copyright (c) 2019 CercleFinance.com. All rights reserved.