Société Générale and Dexia have agreed to enter into negotiations regarding the purchase by Société Générale of Dexia's 20% interest in Crédit du Nord.
For Société Générale, this transaction is indicative of its efforts to reinforce its retail banking businesses, particularly on its domestic market, which is profitable and has proved its resilience.
With respect to Dexia, this disposal is part of the restructuring of the scope of the Group activities.
Société Générale and Dexia expect to finalize this transaction before the end of 2009, after receiving approval from the competent bodies.
* Dexia is a listed company. This press release contains information subject to the transparency regulations for listed companies.
Download the press release (PDF 40 Kb)