SocGen Sells Euro Bank to Portugal's BCP for $483 Million
05 Novembro 2018 - 5:24AM
Dow Jones News
By Alberto Delclaux
Societe Generale SA France (GLE.FR) has agreed to sell Poland's
Euro Bank SA for about 1.83 billion Polish zloty ($483 million) to
a subsidiary of Banco Comercial Portugues S/A (BCP.LB).
The Portuguese bank said in a statement that its 50.1%-owned
subsidiary, Bank Millennium SA, will pay cash for a 99.79% stake in
Euro Bank.
The transaction is expected to close in the second quarter of
2019, BCP said.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
November 05, 2018 02:09 ET (07:09 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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