Key Developments: Societe Generale (SOGN.PA)

SOGN.PA on Paris Stock Exchange

4 Sep 2015
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Latest Key Developments (Source: Significant Developments)

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

Solaria Energia y Medio Ambiente reaches agreement with Societe Generale on PACEO operation
Tuesday, 22 Apr 2014 02:45pm EDT 

Solaria Energia y Medio Ambiente SA:Says on April 22 it reached 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, representing 9.9 percent stake in Solaria.Market value of shares about 13.4 million euros.Solaria has right but no obligation to issue new shares for subscription by Societe Generale under various operation of capital increase, each of up to 1,500,000 new shares.  Full Article

Jerome Kerviel takes legal action against Societe Generale-AFP
Tuesday, 22 Apr 2014 02:30pm EDT 

Societe Generale:Jerome Kerviel takes legal action against Societe Generale, claiming it bribed witness-AFP.Kerviel claims his former manager Eric Cordelle received payment of 1 million euros after testifying in favour of Societe Generale in two trials.Cordelle testified that he knew nothing of positions taken by Kerveil, which resulted in losses of 4.9 billion euros for Societe Generale.  Full Article

Societe Generale issues 750 million euro bond-Reuters
Monday, 14 Apr 2014 08:00pm EDT 

Societe Generale:Issues 750 million euro bond-Reuters.Maturity Date April 29, 2024.Coupon 2.0 pct.Reoffer price 99.991.Reoffer yield 2.001 pct.Spread 26 basis points.Lead Managers CA-CIB, Erste, ING, SG-CIB & Unicredit.Listed in Paris.  Full Article


SocGen targets more capital, savings as results top expectations

PARIS - Societe Generale is to bolster its capital cushion and step up cost savings after a surge in equity trading revenue helped the bank produce a 25 percent increase in second-quarter profit, sending its shares up more than 9 percent. | Video

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