SGEF CZ and SK remain in SG Group
Societe Generale signed a Memorandum of Understanding with Groupe BPCE with a view to sell all the activities of Societe Generale Equipment Finance (SGEF) except those in the Czech Republic and Slovakia (SGEF CZ).
12. 4. 2024 13:30
Theme
SGEF CZ will remain within Societe Generale Group due to the high level of synergies with Komerční banka (KB) which ranks among the leading banking institutions in the Czech Republic. The Czech and Slovak market remains an important geography for us.
The sale project, subject to the applicable social/labour procedures and the approval of the relevant financial and regulatory authorities, would be completed in the first quarter of 2025.
In addition, SGEF and SGEF CZ intend to develop a commercial partnership to ensure the continuity of service and offering for the international vendors.