Societe Generale Enters Exclusive Talks With Promontoria MMB for Sale of SGBA
16 July 2019 - 3:10AM
Dow Jones News
By Pietro Lombardi
Societe Generale SA (GLE.FR) has entered into exclusive talks
with Promontoria MMB for the sale of SocGen's Societe Generale de
Banque aux Antilles subsidiary.
The business, which operates in Guadeloupe, Martinique and
French Guiana, offers services to retail customers, professionals
and firms, the French bank said Monday.
"This project is part of the implementation of Societe
Generale's 'Transform to Grow' strategic plan, which aims at
refocusing the group on markets and activities where it has a
leading position with potential for synergies and profitable
growth," it said.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
July 15, 2019 12:55 ET (16:55 GMT)
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