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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Societe Generale SA | EU:GLE | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.195 | -0.76% | 25.39 | 25.38 | 25.39 | 25.69 | 25.335 | 25.615 | 2,119,153 | 16:35:51 |
From May 2019 to May 2024
By Olivia Bugault
Societe Generale SA France (GLE.FR) said Thursday that the sale of its Nordic financing unit SG Finans to Nordea Bank Abp (NDAFI.HE) will hit its fourth-quarter 2019 results.
The French bank expects the transaction to have a negative impact of roughly 100 million euros ($111.3 million) in its 4Q, mainly due to "goodwill impairment and fixed asset impairments."
Meanwhile, the transaction should have a positive impact on the Group's CET1 ratio of about 10 basis points, it said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
December 19, 2019 03:04 ET (08:04 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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