United States

Societe Generale sells minority stake in Georgia's TBC Bank

Wednesday, 28 Jun 2017 02:00am EDT 

June 28 (Reuters) - Societe Generale :Societe Generale sells its stake in TBC bank group plc.Societe Generale sold approximately 2.8 million ordinary shares in TBC bank group via an accelerated bookbuild offering to a number of institutional investors at a price of gbp 15.25 per share.This operation would have a very limited positive impact on the group's financial ratios. .