Mubasher: US-based private equity firm Warburg Pincus LLC. has acquired the stake of Societe Generale’s subsidiary, Boursorama, in Self Trade Bank for undisclosed amount.
Paris-based Societe Generale on Tuesday stated that the divestment is part of its plans to focus on its core businesses and streamline its setup.
The French lender further noted that the deal is set to be completed by the end of 2018, forecasting a positive impact on its financials.
Source: Mubasher
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