Société Générale announces the sale of a 2.05% stake in Euroclear to Société Fédérale de Participations et d’Investissement (SFPI).
After the sale of this stake, Société Générale remains a significant minority shareholder of Euroclear.
This disposal is the consequence of the mechanical increase of the Group holding induced by the successive share buy-backs implemented by Euroclear over the past years.
All the authorizations required for the closing of the transaction have already been obtained.
The revaluation of Euroclear securities having been initiated in the 3rd quarter, the positive impact of this sale on the Group’s Core Equity Tier One will be limited.