Bank & Insurance
Allianz alters its stake in Société Générale Côte d’Ivoire

Allianz alters its stake in Société Générale Côte d’Ivoire

With this change, the insurer intends to maintain a sufficient percentage of control to safeguard its seat on the supervisory board while consolidating its working relationship with the French banking group’s subsidiary.

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            ▪ Allianz alters its stake in Société Générale Côte d’Ivoire

▪ With this change, the insurer intends to maintain a sufficient percentage of control to safeguard its seat on the supervisory board while consolidating its working relationship with the French banking group’s subsidiary.

http://www.jeuneafriquebusinessplus.com/en/805165/allianz-alters-its-stake-in-societe-generale-cote-divoire/

18/08/2020 at 16h02, by Jeune Afrique Business+

In 2014, Allianz SE held 8.7% of shares in Société Générale Côte d’Ivoire (SGCI), while the French bank, with a presence in 19 countries on the continent, controlled 73.3% of capital, including an indirect stake of 1.4% through SG Financial Services Holding.

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