Key Developments: Societe Generale (SOGN.PA)

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Latest Key Developments (Source: Significant Developments)

Societe Generale completes sale of its private banking activities in Asia to DBS
Sunday, 5 Oct 2014 08:00pm EDT 

Societe Generale:Completed the sale of its private banking activities operated in Singapore and Hong Kong to DBS.Says it has thus received a cash consideration of $220 million for the sale of the franchise.Says that it has also entered into collaboration agreements with DBS.  Full Article

Societe Generale Securities Services in Luxembourg mandated by Bedrock
Sunday, 27 Jul 2014 08:00pm EDT 

Societe Generale:Says Societe Generale Securities Services (SGSS) in Luxembourg was mandated by Bedrock to provide custody, fund administration and registrar services for its range of UCITS funds.  Full Article

Societe General Securities Services launches multi-counterparty and multi-asset class trade repository reporting service for OTC derivatives
Wednesday, 25 Jun 2014 08:00pm EDT 

Societe Generale:Says Societe Generale Securities Services (SGSS) has launched trade repository reporting offer for OTC derivatives, servicing multi-counterparties and multi-asset classes, under European Markets Infrastructure Regulation (EMIR).New regulation requires that all EU counterparties report their derivative contracts, whether OTC or exchange-traded, to trade repository.SGSS reports details for derivatives transactions to DTCC Derivatives Repository Ltd on a D+1 basis for all counterparties.SGSS also provides reconciliation in event of rejected trade and manages contracts for daily reporting of open positions and retroactive reporting for matured trades, as necessary.  Full Article

Solaria Energia y Medio Ambiente updates on agreement with Societe Generale on PACEO operation
Wednesday, 11 Jun 2014 12:20pm EDT 

Solaria Energia y Medio Ambiente SA:Reaches agreement with Societe Generale on PACEO operation.Societe Generale to subscribe for Solaria shares for three years.Societe Generale to subscribe for maximum of 9,900,000 shares.Solaria has agreed to increase share capital in amount of 5,598.52 euros, through issuance of 559,852 new ordinary shares, at nominal value of 0.01 euro per share and issue premium of 1.2663 euros per share.New shares were subscribed and fully paid by Societe Generale under agreement.  Full Article

Societe Generale Securities Services wins four pension fund mandates in Serbia
Thursday, 29 May 2014 08:00pm EDT 

Societe Generale:Societe Generale Securities Services (SGSS) in Serbia has been mandated by four Serbian pension funds to act as their custodian and depositary bank.Mandates are from Delta Generali Basic, Delta Generali Index, DDOR Garant Stednja and DDOR Garant Ekvilibrio.  Full Article

Societe Generale, Hodefi and CaixaBank launch squeeze-out for Boursorama shares
Tuesday, 27 May 2014 07:50am EDT 

Societe Generale:Acting together with Hodefi and CaixaBank, Societe Generale launches squeeze-out for remaining Boursorama shares it does not hold.Squeeze-out price is 12 euros per share.Following public offer for Boursorama, Societe Generale holds 75.42 pct of capital.Societe Generale, Hodefi and CaixaBank combined hold 95.91 pct of capital.Squeeze-out and delisting of Boursorama from Euronext Paris to take place on May, 28.  Full Article

Societe Generale announces share repurchase program
Tuesday, 13 May 2014 12:05pm EDT 

Societe Generale:To propose terms of share repurchase program to joint general meeting of shareholders on May 20.Program would authorize repurchase of up to 5 pct of capital.Theoretical maximum number of 40,000,971 shares could be purchased.Maximum price per share 75 euros.Authorization valid for 18 months.  Full Article

Societe Generale finalizes the acquisition of Newdge
Wednesday, 7 May 2014 01:23am EDT 

Societe Generale:Announces that it has finalized the acquisition of Credit Agricole's 50 percent stake in the capital of Newedge, a derivatives brokerage subsidiary, thus bringing its ownership to 100 pct.As part of the deal, it has also sold 5 pct of the capital of Amundi to Credit Agricole, thus bringing Societe Generale's stake in the company to 20 pct.  Full Article

Credit Agricole SA announces closing of deals with Societe Generale
Wednesday, 7 May 2014 01:01am EDT 

Credit Agricole SA:Announces the closing of two concomitant deals with Societe Generale.The sale by Credit Agricole CIB to Societe Generale of its 50 percent stake in Newedge Group, their brokerage joint venture, for 275 million euros.Credit Agricole S.A.'s acquisition from Societe Generale of a 5 pct interest in Amundi, their jointly owned asset management subsidiary, for 337.5 million euros.Says after closing the deal, Credit Agricole owns 80 pct of Amundi and Societe Generale owns 20 pct.Says the sale has no effect on the company's governance structure and Amundi remains the supplier of savings and investment solutions for Societe Generale's branch bank networks, under distribution agreements extended until the end of 2019.  Full Article

Societe Generale launches public offer on Boursorama in concert with Caixa Entities
Thursday, 1 May 2014 08:00pm EDT 

Boursorama SA:Simplified purchase public offer on Boursorama shares, launched by Societe Generale to open on May 5 and close on May 16 inclusive.Offer to be open during 10 trading days at price of 12 euros per share (coupon attached).Societe Generale acts in concert with Hodefi and CaixaBank (Caixa Entities).21,363,572 Boursorama shares not held by Societe Generale and Caixa Entities subject to offer.Squeeze out applicable.  Full Article

SocGen aims for 100,000 new retail clients per year by 2020

PARIS, Nov 20 Societe Generale is aiming to win 100,000 new retail clients per year in France by 2020 as part of a 1.5 billion euros ($1.6 billion) investment plan to overhaul its branches and boost online services over the next five years.

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