PARIS Dec 31 French mutual insurer Groupama now
owns under 5 percent of the voting rights of Societe Generale
after selling shares in the market, stock market
watchdog AMF said on Monday.
Groupama has been shedding assets after coming under
pressure from rating agencies to boost its balance sheet.
Groupama now owns 2.84 percent of the capital and 4.86
percent of the voting rights of the French bank.
At end-2011, Groupama owned 3.92 percent of the capital of
Socgen and 6.66 percent of SocGen voting rights and 4.25 percent
of the capital and 6.32 percent of the rights at end-2010.
(Reporting by Dominique Vidalon; Editing by Elena Berton)