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War in Ukraine: Societe Generale has finalized the sale of its activities in Russia

2022-05-18T17:51:07.700Z

The French bank Société Générale announced on Wednesday that it has finalized the sale of Rosbank, a heavyweight in the Russian banking sector in which it...



The French bank Société Générale announced on Wednesday that it had finalized the sale of Rosbank, a heavyweight in the Russian banking sector in which it was the majority shareholder, as well as its insurance subsidiaries in the country.

This sale to the Russian investment fund Interros will result in a net loss of around 3.2 billion euros in the income statement of Société Générale in the second quarter, specifies the French group, slightly more than 3, 1 billion communicated last month, during the announcement of a transfer agreement.

Source: lefigaro

All business articles on 2022-05-18

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