SocGen Is Preparing Sale of Asset-Management Subsidiary Lyxor -Reuters
21 Setembro 2020 - 5:31AM
Dow Jones News
--Societe Generale SA is gearing up to sell its asset-management
subsidiary Lyxor as the French bank is trying to boost its
financial performance after booking losses during the first six
months of the year, Reuters reported Sunday, citing two unnamed
sources.
--The sale of Lyxor, which had roughly 132 billion euros
($156.31 billion) of assets under management mid-year, is expected
to start in the fourth quarter of this year, Reuters reported.
Although SocGen recently contacted parties that could be interested
in such an acquisition, no deal is certain yet, Reuters said.
--The business could be valued at around $1 billion, Reuters
reported, citing one of the sources.
Full story: https://reut.rs/3iSuOjm
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(END) Dow Jones Newswires
September 21, 2020 04:16 ET (08:16 GMT)
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