Societe Generale (FR:GLE) has released an update.
Societe Generale is set to divest its 57.93% stake in Société Générale Guinée to Atlantic Financial Group, which will assume all operations, clients, and staff. The sale is anticipated to slightly bolster Societe Generale’s CET1 ratio by 2 basis points upon expected completion by early 2025, pending customary regulatory approvals.
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