French bank Societe Generale to exit Russia ...Middle East

PARIS: French banking group Societe Generale said Monday it was ceasing its activities in Russia and selling its majority stake in Rosbank, weeks after Ukraine’s leader urged French firms to leave over Moscow’s invasion of his country.Societe Generale said in a statement that its withdrawal from Russia would cost it 3.1 billion euros ($3.4 billion).“Societe Generale ceases its banking and insurance activities in Russia,“ the firm said in a statement.It also announced “the signing of a sale and purchase agreement to sell its entire stake in Rosbank and the Group’s Russian insurance subsidiaries” to Russian investment firm Interros Capital.“With this agreement, concluded after several weeks of

Hence then, the article about french bank societe generale to exit russia was published today ( Monday 11/04/2022 - 10:42 AM ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( French bank Societe Generale to exit Russia )

Also on site :

• Go Inside BTS ‘Tonight Show’ Taping, From Fan Jump-Scares to Jimmy Fallon Angling to Be ‘The 8th Member’
• Chip Taylor Dies: ‘Wild Thing’ Songwriter & Angelina Jolie’s Uncle Was 86
• Lord of the Rings Trilogy Has Many Elements That Are Difficult to Watch in the Modern Day