Group 1 - Societe Generale has signed an agreement with the State of Cameroon to sell its 58.08% stake in Société Générale Cameroun, resulting in the State of Cameroon holding 83.68% of the shares in the subsidiary [1] - The transaction is expected to positively impact the Group's CET1 ratio by approximately 6 basis points upon completion, anticipated by the end of 2025 [2] - The divestment is subject to standard conditions and requires validation from relevant financial and regulatory authorities [2] Group 2 - Societe Generale operates with around 119,000 employees and serves over 26 million clients across 62 countries, providing a wide range of advisory and financial solutions [2] - The Group is committed to sustainability and environmental transition, embedding ESG offerings in its business model and is included in major socially responsible investment indices [3]
Societe Generale signs an agreement with the State of Cameroon to sell its subsidiary Société Générale Cameroun