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Friday, October 19, 2012

SocGen Sells Greek Unit to Piraeus Amid Greek Banking Overhaul


Business Recorder

SocGen Sells Greek Unit to Piraeus Amid Greek Banking Overhaul
Bloomberg
Societe Generale SA (GLE), France's second-largest bank by market value, agreed to sell its Greek unit to Piraeus Bank SA (TPEIR) to reduce risks tied to Europe's most indebted nation. Societe Generale will sell its 99.1 percent stake in Geniki Bank ...
UPDATE 1-SocGen to take 100 mln eur hit on Greek exitReuters
Piraeus Bank Signs Deal Acquiring SocGen's Greek UnitFox Business

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READ THE ORIGINAL POST AT www.bloomberg.com