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.
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