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Societe Generale SA (SOGN.PA)

SOGN.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SocGen's Ald arm to buy Irish company Merrion Fleet
Tuesday, 30 May 2017 02:43am EDT 

May 30 (Reuters) - Societe Generale /ALD::* ALD announces acquisition of Merrion Fleet, 2nd FSL player in Ireland with approximately 5,500 vehicles.* Transaction allowing ALD to establish FSL operations in a new country, Ireland, and therefore consolidate leading position in Europe.* Implementation of ALD’s growth strategy focused on FSL and targeted and value accretive acquisitions.* SocGen aiming to list ALD on stock market nP6N1A602N.  Full Article

SocGen's ALD to buy BBVA Autorenting
Monday, 29 May 2017 02:34am EDT 

May 29 (Reuters) - SocGen /ALD/BBVA ::* SocGen's ALD has signed an agreement to acquire BBVA Autorenting, the Spanish full-service leasing subsidiary of BBVA.* In 2016, BBVA Autorenting generated a Net Income of EUR 12.3m..* BBVA Autorenting is the 7th largest player on the Spanish market with a fleet of c. 25,000 vehicles, most of which were previously managed by ALD Spain under a Fleet Management (FM) contract.* Acquisition forms part of ALD’s development strategy and is an example of ALD’s focus on targeted and value accretive bolt-on acquisitions .  Full Article

Ald says targets to complete listing by end-June
Friday, 12 May 2017 03:56am EDT 

May 12 (Reuters) - Societe Generale :Ald says targets to complete listing by end-June.  Full Article

Komercni Banka says expects net interest income slightly lower in 2017
Thursday, 4 May 2017 04:06am EDT 

May 4 (Reuters) - Komercni Banka As :Komercni Banka says expects net interest income slightly lower in 2017 compared to 2016, Chief Financial Officer Jiri Sperl says.Komercni Banka says expects lending growth in mid- to high-single digits in 2017, Sperl said.  Full Article

SocGen's car leasing unit ALD Automotive posts higher 2016 profit
Friday, 3 Mar 2017 02:14am EST 

Societe Generale car leasing unit ALD Automotive says in a statement: 2016 net income 511.7 million euros, up 21 percent . Total 2016 income up 6.1 pct to 1.244 billion euros . Says 2016 fleet growth of 14 percent with approximately 1.4 million vehicles managed worldwide. . Group expects the following performance for the next three years: total fleet is expected to grow annually at approximately 8-10 pct, services margin and financial margin to grow annually at approximately 8–10pct, increasing their share of total income. . Post tax return on average earning assets is targeted to be superior to 3.5 pct over the period 2017-2019 .dividend distribution is targeted in the 35 pct-40 pct range of the group share of net income for next three years.  Full Article

SocGen selling Splitska Banka to OTP Bank, deal to boost its capital ratios
Wednesday, 21 Dec 2016 02:09am EST 

Societe Generale : Definitive agreement with OTP Bank to sell Splitska Banka (SGSB), its fully owned subsidiary in Croatia. . Societe Generale says Splitska Banka deal to have an impact of around -240 million euros on the group’s 4th quarter 2016 earnings .Societe generale says Splitska Banka deal will generate at completion a positive impact on the group’s financial ratios (CET1 + 8.5 bps)..  Full Article

Rosbank to place RUB 5 billion bonds
Tuesday, 6 Dec 2016 10:44am EST 

:. Rosbank plans book building for its 5 billion rouble ($78.29 million) 10-year bonds on Dec. 13 .. Benchmark coupon rate is 9.80-9.95 pct per annum .. Benchmark yield rate is 10.04-10.20 pct per annum For further company coverage [ROSB.MM] For the story in Russian, click [nL5N1E14FD] ($1 = 63.8680 roubles) (Reporting by Elena Orekhova, translated by Gdynia newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Socgen says its regulatory cet1 phased-in ratio as of end sept 2016 gives the group comfortable room for manoeuvre to meet new ecb requirements
Thursday, 1 Dec 2016 02:01pm EST 

in ratio as of end sept 2016 gives the group comfortable room for manoeuvre to meet new ecb requirements:.  Full Article

Societe Generale had 4.171 pct of Generali on Aug 29, voting rights 0.9 pct
Tuesday, 6 Sep 2016 01:07pm EDT 

Filings of Italian market regulator Consob show: Societe Generale had 4.171 percent of Italy's Generali on August 29 . Of this Societe Generale had 0.9 percent in voting rights, a potential stake of 1.557 percent and long positions equal to 1.71 percent Further company coverage: [GASI.MI] (Reporting by Milan newsroom).  Full Article

SocGen' comments after Q2 results
Wednesday, 3 Aug 2016 03:58am EDT 

Below are comments made by Societe Generale's executives during a conference call with journalists: SocGen CEO says no changes in dividend policy . SocGen CFO says targets CEO 1 ratio of 11.5 to 12 percent by 2018 Further company coverage: [SOGN.PA] ((paris.newsroom@thomsonreuters.com; +33 1 49 49 54 52 ;)).  Full Article

Socgen SNP dual tranche long 5y & long 10y

LONDON, Nov 8 (IFR) - SOCIETE GENERALE, rated A2 (Moody's) / A (S&P) / A (Fitch) / A (High) (DBRS), has mandated SG CIB as sole bookrunner for a dual-tranche EUR benchmark Long 5-year FXD and Long 10-year FXD Senior Non Preferred issue, due 13 January 2023 and 2028, expected ratings Baa3 (Moody's) / BBB+ (S&P) / A (Fitch). English law, except for the Status of the Notes, governed by French law. Denoms 100k+100k. Reg S. Off the Issuer's EMTN Programme. Listing Paris. The transaction is expected t