French bank quits Russia over Ukraine ...News

Societe Generale sells stake in Rosbank due to sanctions French banking group Societe Generale announced on Monday that it would stop all business activities in Russia. “Societe Generale ceases its banking and insurance activities in Russia and announces the signing of a sale and purchase agreement to sell its entire stake in Rosbank and the group’s Russian insurance subsidiaries to Interros Capital, the previous shareholder of Rosbank.“With this agreement, concluded after several weeks of intensive work, the group would exit in an effective and orderly manner from Russia, ensuring continuity for its employees and

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