Societe Generale Sells 2.05 Percent Stake in Euroclear
Posted: Thu Nov 08, 2018 10:59 am
Societe Generale announced on Friday that it has sold a part of its stake insettlement services provider Euroclear.
A statement released by the French investment bank indicates that it has sold 2.05 percent of Euroclear to SFPI-FPIM – a holding and investment company owned by the Belgian government.
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Societe Generale did not disclose the terms of the deal in its announcement. We can, however, get some idea of the value of the sale based on documents released earlier this week.
In a summary of its third quarter results for ... ([url=https://www.financemagnates.com/institutional-forex/societe-generale-sells-2-05-percent-stake-in-euroclear/]read more)