Société Générale SA Agrees to Sell Majority Stake in Société Générale Cameroun to State of Cameroon

Reuters

07-15

Société Générale SA Agrees to Sell Majority Stake in Société Générale Cameroun to State of Cameroon

Société Générale SA has announced the signing of an agreement with the State of Cameroon for the sale of its 58.08% stake in its subsidiary, Société Générale Cameroun. As a result of this transaction, the State of Cameroon, which is already a shareholder, will increase its holding to 83.68% of the shares. The agreement ensures that the State of Cameroon will take over all activities, client portfolios, and employees of Société Générale Cameroun. The transaction, anticipated to be completed by the end of 2025, is expected to positively impact Société Générale's CET1 ratio by approximately 6 basis points.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Société Générale SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001118001-en) on July 15, 2025, and is solely responsible for the information contained therein.

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As a result of this transaction, the State of Cameroon, which is already a shareholder, will increase its holding to 83.68% of the shares. The agreement ensures that the State of Cameroon will take over all activities, client portfolios, and employees of Société Générale Cameroun. The transaction, anticipated to be completed by the end of 2025, is expected to positively impact Société Générale's CET1 ratio by approximately 6 basis points.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Société Générale SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001118001-en) on July 15, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B64PRP62.GBP","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250715:nNDL9glNX6:1","article_id":"2551166493","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2551166493","pubTimestamp":1752575543,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Société Générale SA has announced the signing of an agreement with the State of Cameroon for the sale of its 58.08% stake in its subsidiary, Société Générale Cameroun. 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