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SocGen finalises sale of Greek unit to Piraeus

Δημοσίευση 15 Δεκεμβρίου 2012, 14:15 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
SocGen finalises sale of Greek unit to Piraeus
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French bank Societe Generale said it finalised the sale of loss-making Greek unit Geniki Bank to Piraeus Bank on Friday.

French bank Societe Generale said it finalised the sale of loss-making Greek unit Geniki Bank to Piraeus Bank on Friday.

The key financial elements of the transaction remain the same as announced on Oct. 19, SocGen said, adding that the deal would have «no significant impact» on its capital ratios.

Source: Reuters