Societe Generale Sells Stake in Guinean Subsidiary
Company Announcements

Societe Generale Sells Stake in Guinean Subsidiary

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.

For further insights into FR:GLE stock, check out TipRanks’ Stock Analysis page.

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