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SCGLY Societe Generale (PK)

4.85
-0.01 (-0.21%)
Last Updated: 15:29:06
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
  -0.01 -0.21% 4.85 4.84 4.85 4.85 4.82 4.83 56,258 15:29:06

SocGen Is Preparing Sale of Asset-Management Subsidiary Lyxor -Reuters

21/09/2020 9:31am

Dow Jones News


Societe Generale (PK) (USOTC:SCGLY)
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--Societe Generale SA is gearing up to sell its asset-management subsidiary Lyxor as the French bank is trying to boost its financial performance after booking losses during the first six months of the year, Reuters reported Sunday, citing two unnamed sources.

--The sale of Lyxor, which had roughly 132 billion euros ($156.31 billion) of assets under management mid-year, is expected to start in the fourth quarter of this year, Reuters reported. Although SocGen recently contacted parties that could be interested in such an acquisition, no deal is certain yet, Reuters said.

--The business could be valued at around $1 billion, Reuters reported, citing one of the sources.

 

Full story: https://reut.rs/3iSuOjm

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

September 21, 2020 04:16 ET (08:16 GMT)

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

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