Societe Generale : The group is to sell Rosbank, thereby reducing its risk profile
>Agreement to sell Rosbank announced - Société Générale yesterday morning announced it had signed an agreement to sell all of its stake in Rosbank as well as its insurance subsidiaries in Russia to Interros Capital, a Russian investment fund not subject to sanctions and the previous shareholder of Rosbank. With this agreement, SG is expected to effectively pull out of Russia in an orderly fashion. The deal has still to be approved by the component regulatory and anti-...Societe Generale is a universal banking and financial services group based in France. Co. is engaged in operations in areas such as retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. Co.'s three segments are: French Retail Banking (FRB); International Retail Banking & Financial Services (IBFS); and Global Banking and Investor Solutions (GBIS). FRB offers products and services to individual, professional and business customers; IBFS comprises banking networks and consumer finance activities; and GBIS covers global activities of Corporate and Investment Banking. Co. maintains operations across 76 countries globally.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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