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SCGLY Societe Generale (PK)

4.86
0.11 (2.32%)
17 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Societe Generale (PK) USOTC:SCGLY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.11 2.32% 4.86 4.73 4.91 4.86 4.776 4.84 322,715 21:09:51

Societe Generale Acquires French Startup Shine

30/06/2020 6:06pm

Dow Jones News


Societe Generale (PK) (USOTC:SCGLY)
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   By Giulia Petroni 
 

Societe Generale SA said Tuesday that it has acquired French startup Shine for an undisclosed sum.

The French bank said the neobank, which serves 70,000 entrepreneurs, "simplifies the banking and administrative experience for its clients with a balanced offer of innovative services and online support."

Societe Generale said it will market Shine's products to business clients, while the startup will continue to develop independently and accept new customers.

The acquisition won't have a significant impact on Societe Generale's CET1 ratio, the company said.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

June 30, 2020 12:51 ET (16:51 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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