Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Societe Generale is a French multinational investment bank and financial services company headquartered in Paris, France.

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500
Revenue in RF, mln.USD
303
Staff
12000
Capital, mln.USD
567
Assets, mln.USD
20000
Glob.Revenue, mln.USD
27193
Investments, mln.USD
3300

Currently, Societe Generale is one of the three largest foreign banks in the Russian market. In Russia, it has several subsidiary commercial banks.

The Company Statement
July 11, 2022

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 French Societe Generale estimated the loss from the sale of its bank in the Russian Federation at 3.3 billion euros

August 03, 2022The French Societe Generale estimated the loss from the sale of its bank in the Russian Federation at 3.3 billion euros
April 21, 2022Companies Find Leaving Russia Difficult, Though Many Are Trying
May 22, 2022https://www.ft.com/content/21b64f70-e71e-47d7-bf24-ad90dfa6a854
July 11, 2022https://www.societegenerale.com/en/news/press-release/closing-sale-rosbank-and-its-subsidiaries
April 11, 2022SOCIETE GENERALE CEASES ITS ACTIVITIES IN RUSSIA AND SIGNS AN AGREEMENT TO SELL ROSBANK AND ITS RUSSIAN INSURANCE SUBSIDIARIES
March 03, 2022UPDATE ON THE GROUP’S CURRENT SITUATION IN UKRAINE AND RUSSIA
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