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Societe Generale SA (SOGN.PA)

SOGN.PA on Paris Stock Exchange

33.60EUR
11:38am EDT
Change (% chg)

€-0.49 (-1.44%)
Prev Close
€34.09
Open
€33.71
Day's High
€33.90
Day's Low
€33.36
Volume
4,887,594
Avg. Vol
4,059,458
52-wk High
€49.30
52-wk Low
€33.36

Latest Key Developments (Source: Significant Developments)

Russia's Rosbank Plans Merger With DeltaCredit
Tuesday, 18 Sep 2018 09:34am EDT 

Sept 18 (Reuters) - Rosbank ::SAYS ANNOUNCES MERGER OF ROSBANK AND DELTACREDIT, EXPECTED TO TAKE PLACE MID-2019.SAYS DELTACREDIT MORTGAGE SALES ORGANIZATION ACROSS RUSSIA WILL BE INTEGRATED 'AS IS' IN ROSBANK RETAIL BLOCK.  Full Article

SocGen to sell stake of Boursorama in Self Trade Bank SAU to Warburg Pincus
Tuesday, 5 Jun 2018 02:00am EDT 

June 5 (Reuters) - Societe Generale SA ::* Agreed to sell the entire stake of Boursorama in Self Trade Bank S.A.U, its Spanish subsidiary, to Warburg Pincus .* Transaction is part of Societe Generale's plans to sell non-core assets and focus on its core businesses .* Transaction will have a limited positive impact on Societe Generale’s financial ratios .* SocGen says remains strongly committed to the Spanish market.* Will pursue in France the further development of its online banking subsidiary Boursorama .  Full Article

Sofina sold part of its Ipsos stake at 28.70 euros per share
Wednesday, 16 May 2018 02:30am EDT 

May 16 (Reuters) - Ipsos ::* Sofina successfully sold part of its stake in Ipsos.* 1.2 million Ipsos shares, representing around 2.7 pct of Ipsos' share capital, were sold at price of 28.70 euros.* Ipsos shares closed at 30.06 euros on May 15.* Placement price marks 4.5 pct discount to Ipsos' closing price on May 15.* Following the deal, Sofina will hold around 1.9 million Ipsos shares, representing some 4.3 pct of Ipsos’ share capital.* Placement was managed by Société Générale Corporate & Investment Banking acting as Sole Bookrunner .  Full Article

SocGen says head of equities Richard Quessette is leaving the bank
Wednesday, 25 Apr 2018 04:30pm EDT 

April 25 (Reuters) - SOCIETE GENERALE SA ::SAYS HEAD OF EQUITY & EQUITY DERIVATIVES FOR GLOBAL MARKETS RICHARD QUESSETTE IS LEAVING TO PURSUE HIS CAREER OUTSIDE SOCIETE GENERALE GROUP..A SPOKESWOMAN FOR THE BANK SAYS HIS REPLACEMENT WILL BE ANNOUNCED IN THE COMING DAYS..  Full Article

Goldman Sachs And SocGen Submit Final Bids For Commerzbank Unit -Bloomberg
Wednesday, 28 Feb 2018 09:50am EST 

Feb 28 (Reuters) - :GOLDMAN SACHS AND SOCGEN SUBMIT FINAL BIDS FOR COMMERZBANK UNIT -BLOOMBERG, CITING SOURCES.BARCLAYS, WHICH WAS SAID TO BE INTERESTED IN THE EQUITY MARKETS & COMMODITIES UNIT, HAS DROPPED OUT OF THE PROCESS-BLOOMBERG, CITING SOURCES.  Full Article

SocGen Says Confident On Capital Target Despite Litigation Risks - CEO
Thursday, 8 Feb 2018 10:11am EST 

Feb 8 (Reuters) - Societe Generale Sa ::SOCGEN SAYS CONFIDENT ON COMMON EQUITY TIER ONE TARGETs DESPITE LITIGATION RISKS - CEO.  Full Article

Komercni Banka sees lending growth in mid-single digits in 2018
Thursday, 8 Feb 2018 04:24am EST 

Feb 8 (Reuters) - Komercni Banka As ::KOMERCNI BANKA CFO SAYS NOT EXPECTING ANY ONE-OFFS IN 2018.KOMERCNI BANKA CFO SAYS GUIDANCE FOR 2018 DIVIDEND IS FOR ONE YEAR, INTENDS TO PAY 65 PERCENT OF 2018 REPORTED ATTRIBUTABLE NET PROFIT.KOMERCNI BANKA CFO SAYS EXPECTS LENDING GROWTH IN MID SINGLE DIGITS IN 2018.KOMERCNI BANKA CFO SAYS WE ARE EXPECTING A GRADUAL INCREASE IN CNB'S COUNTERCYCLICAL BUFFER GIVEN ECONOMIC CYCLE.KOMERCNI BANKA CFO SAYS EXPECTS REVENUES BROADLY FLATTISH IN 2018 BUT STRUCTURE HEALTHIER.  Full Article

SocGen to book 456 mln eur additional charges in Q4
Thursday, 11 Jan 2018 11:40am EST 

Jan 11 (Reuters) - Societe Generale Sa ::‍US TAX REFORM (TAX CUTS AND JOBS ACT) ENACTED ON 22 DECEMBER 2017 REDUCED STATUTORY RATE OF US FEDERAL CORPORATE TAX RATE TO 21% WITH IMMEDIATE EFFECT FROM JANUARY 2018​.‍SHORT TERM ACCOUNTING IMPACT OF THIS CHANGE IN RATE AND VALUATION OF DEFERRED TAX ASSETS OF US TAX GROUP WILL RESULT IN A CHARGE OF USD -307 MILLION ((1)) TO BE RECORDED IN Q4 17​.SAYS GOT RECEIPT OF A PROPOSAL FOR RECTIFICATION FOLLOWING A TAX AUDIT OF FRENCH TAX ADMINISTRATION ON VARIOUS OPERATING TAXES AND FINANCIAL CONSEQUENCES OF JUDGMENT OF PARIS COURT OF APPEAL OF 21 DECEMBER 2017 RESULT IN A CHARGE OF AROUND EUR -200 MILLION IN OPERATING EXPENSES IN Q4 17​.SAYS ‍THESE ITEMS WILL NOT AFFECT DIVIDEND POLICY PREVIOUSLY COMMUNICATED​.  Full Article

Cegedim ‍Sells Cegelease Business to Société Générale​
Thursday, 14 Dec 2017 11:45am EST 

Dec 14 (Reuters) - CEGEDIM SA ::‍SALE OF CEGELEASE BUSINESS​.DEAL IS EXPECTED TO CLOSE DURING Q1 OF 2018.GROUP IS NOT PLANNING ANY OTHER DIVESTMENT.SIGNS A SALES AGREEMENT WITH SOCIÉTÉ GÉNÉRALE.SALE PRICE IS EUR 57.5 MILLION, PLUS REIMBURSEMENT OF SHAREHOLDER'S LOAN ACCOUNT, WHICH AMOUNTED TO EUR 13 MILLION ON JUNE 30..WILL USE EUR 30 MILLION TO PAY DOWN ITS DEBT.  Full Article

SocGen to book 570 mln eur in exceptional charges in Q4
Monday, 27 Nov 2017 04:03pm EST 

Nov 27 (Reuters) - Societe Generale Sa ::‍NET EFFECT OF THESE TAX CHANGES, WHICH ARE EITHER EFFECTIVE OR HAVE BEEN SUBMITTED FOR FINAL PROMULGATION, COULD RESULT IN GROUP BOOKING A CHARGE OF APPROXIMATELY EUR -170 MILLION IN Q4 17​.‍GROUP WILL REFLECT, IN ITS Q4 17 ACCOUNTS, EFFECTS OF ALL TAX CHANGES EXPECTED IN Q4 17: * REFUND OF ADDITIONAL 3% CONTRIBUTION ON DIVIDENDS, WHICH WAS REJECTED BY CONSTITUTIONAL COUNCIL​.‍FRENCH RETAIL BANK REORGANISATION, AS WELL AS ACCELERATION OF PROGRAMME TO OVERHAUL CERTAIN ASPECTS OF COMPLIANCE FRAMEWORK, WILL RESULT IN GROUP RECORDING AN EXCEPTIONAL CHARGE OF AROUND EUR -400 MILLION IN Q4 17​.  Full Article

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SocGen CEO cancels attendance at Saudi Arabia investment conference

PARIS The chief executive of French bank Societe Generale has canceled his attendance at a Saudi Arabia investment conference, as leading business executives pull out amid widespread concern about the fate of a Saudi journalist.