Societe Generale signs an agreement with Atlantic Financial Group to sell its subsidiary Société Générale Guinée

Societe Generale has signed an agreement with Atlantic Financial Group, a Pan-African banking group, which would result in the total divestment of Societe Generale group’s shares (57.93%) in Société Générale Guinée, in Guinea Conakry. According to the commitments made, Atlantic Financial Group would take over all activities operated by this subsidiary, as well as all client portfolios and employees within this entity.

This transaction would have a positive impact of around 2 basis points on the Group's CET1 ratio, on the expected completion date which could take place by the end of the first quarter of 2025. (1)

This divestment project is subject to the usual conditions precedent and the validation of the relevant financial and regulatory authorities.

(1) Unaudited figures

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