Societe Generale SA has entered into negotiations with Dexia to buy the Belgian-French financial services group's 20 percent stake in Credit du Nord, a deal they said they expect to complete before the end of the year. The book value of the stake in Credit du Nord was, at the end of June, 508 million euros, Dexia's annual report shows. Dexia wants to sell their stake in Credit du Nord because of the restructuring of the group activities. Société générale is also planning a raise of capital to pay off the French state's funding. Thomas Rotsaert
Source: De Tijd
1 opmerking:
Its book value: whose?
They want to sell... Who?
Watch on with unlcear pronoun references
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