|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||7.39 - 7.48|
|52 Week Range||3.72 - 7.94|
|Beta (5Y Monthly)||1.93|
|PE Ratio (TTM)||7.48|
|Forward Dividend & Yield||0.13 (1.85%)|
|Ex-Dividend Date||May 21, 2021|
|1y Target Est||N/A|
Societe Generale's car leasing division ALD has agreed to buy Dutch rival LeasePlan for 4.9 billion euros ($5.5 billion) to give it more scale as the auto rental market goes electric, the French bank said on Thursday. The new company would manage the biggest electric vehicle (EV) fleet in Europe and have a market capitalisation of about 5 billion euros, SocGen and ALD said, adding that they expected to close the deal by the end of the year. It comes four-and-a-half years after SocGen floated ALD and is in the midst of a broader overhaul of the French bank led by Chief Executive Frederic Oudea that aims to boost profitability and stabilise revenues after hefty trading losses.
The board of Jordan's Capital Bank approved a mandatory offer to acquire Societe Generale Bank Jordan (SGBJ), part of a drive to expand the bank's foothold regionally and domestically, its chairman said on Sunday. Bassem Al Salem told Reuters an extraordinary general meeting had on Thursday also agreed to issue $100 million in perpetual bonds - meaning they have no maturity - to help drive growth. The bonds, the first such debt to be issued by a Jordanian bank, and the takeover move are subject to approval by regulatory authorities and the Central Bank of Jordan, Al Salem said.
The U.S. Department of Justice on Tuesday ended a criminal case against Societe Generale SA related to violations of U.S. sanctions, after the French bank agreed to pay $1.34 billion and met the terms of a three-year deferred prosecution agreement. Societe Generale agreed to the payment in November 2018 to resolve federal and New York state claims that from 2003 to 2013 it handled billions of dollars of transactions for parties associated with countries subject to embargoes or sanctions, including Cuba, Iran, Libya and Sudan. U.S. District Judge Kevin Castel in Manhattan on Tuesday signed an order in which the Justice Department said it "will not now proceed with the prosecution" of Societe Generale because the bank complied with its three-year agreement.