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     438  0 Kommentare DISPOSAL OF SOCIETE GENERALE'S ENTIRE STAKE IN AMUNDI

    Paris, November 11th  2015
     
    Disposal of Societe Generale's entire stake in Amundi


    Following the Initial Public Offering of Amundi which was successfully completed today, Societe Generale announces the disposal of its entire 20% stake in Amundi.

    This transaction will have a positive impact of 24 basis points on Societe Generale's Common Equity Tier 1 ratio by the end of 2015.

    This disposal is part of Societe Generale's strategy to optimise its porfolio of activities and its capital allocation, in order to focus on its core businesses.

    Amundi will remain the chosen provider of savings and investment solutions of Societe Generale's retail banking and insurance networks for a renewable period of five years, in the context of a long-term partnership.

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    Societe Generale is one of the largest European financial services groups. Based on a diversified universal banking model, the Group combines financial solidity with a strategy of sustainable growth, and aims to be the reference for relationship banking, recognised on its markets, close to clients, chosen for the quality and commitment of its teams.

    Societe Generale has been playing a vital role in the economy for 150 years. With more than 148,000 employees, based in 76 countries, we accompany 30 million clients throughout the world on a daily basis. Societe Generale's teams offer advice and services to individual, corporate and institutional customers in three core businesses:

    • Retail banking in France with the Societe Generale branch network, Credit du Nord and Boursorama, offering a comprehensive range of multichannel financial services on the leading edge of digital innovation;
    • International retail banking, financial services and insurance with a presence in emerging economies and leading specialised businesses;
    • Corporate and investment banking, private banking, asset management and securities services, with recognised expertise, top international rankings and integrated solutions.

    Societe Generale is included in the main socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (Global, Europe, Eurozone and France), ESI Excellence (Europe) from Ethibel and 4 of the STOXX ESG Leaders indices.

    For more information, you can follow us on twitter @societegenerale or visit our website www.societegenerale.com.          




    This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
    The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    Source: Société Générale via Globenewswire

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    DISPOSAL OF SOCIETE GENERALE'S ENTIRE STAKE IN AMUNDI Paris, November 11th  2015   Disposal of Societe Generale's entire stake in Amundi Following the Initial Public Offering of Amundi which was successfully completed today, Societe Generale announces the disposal of its entire 20% stake in …

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