Disposal of Societe Generale’s entire stake in Amundi
Following the Initial Public Offering of Amundi which was successfully completed today, Societe Generale announces the disposal of its entire 20% stake in Amundi.
This transaction will have a positive impact of 24 basis points on Societe Generale’s Common Equity Tier 1 ratio by the end of 2015.
This disposal is part of Societe Generale’s strategy to optimise its porfolio of activities and its capital allocation, in order to focus on its core businesses.
Amundi will remain the chosen provider of savings and investment solutions of Societe Generale’s retail banking and insurance networks for a renewable period of five years, in the context of a long-term partnership.
For more information, please visit: www.societegenerale.com