SocGen says board never discussed bid offer

Wed Jan 30, 2008 12:03pm EST
 
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PARIS (Reuters) - French bank Societe Generale said that a board meeting held on Wednesday never discussed the subject of a takeover bid for SocGen.

"The topic was not on the agenda of the board," said a spokeswoman for the bank.

SocGen shares were up 5.4 percent in late afternoon trade after French newspaper Le Figaro carried out a report by news agency AFP which said that SocGen chairman Daniel Bouton was "open to a friendly offer."

The SocGen spokeswoman said the report was "without foundation."

(Reporting by Yann Le Guernigou, Sudip Kar-Gupta)

 

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