Societe Generale Has Options For Its Romania Business -- Market Talk

Dow Jones

Feb 14, 2025

1059 GMT - Societe Generale's Romania business, BRD, isn't valued by the market, Jefferies says in a research note. Owning the Romanian bank is not advantageous for the French bank and it would make sense for Societe Generale to look at options for the unit, Joseph Dickerson and Theo Massing write. They point to comments from the CEO of KBC who said the Belgian bank is exploring acquisitions in Central Europe, including Romania. SocGen has been reducing its geographic reach, exiting African markets and selling units, dismantling the empire put together by previous management in the past decades. "Some businesses from this era linger with questionable synergies to the group, despite being well run and generating respectable returns on equity," they note. Shares trade at 36.81 euros and are up 70% on a 12-month basis. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

February 14, 2025 05:59 ET (10:59 GMT)

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Owning the Romanian bank is not advantageous for the French bank and it would make sense for <a href=\"https://laohu8.com/S/SCGLY\">Societe Generale</a> to look at options for the unit, Joseph Dickerson and Theo Massing write. They point to comments from the CEO of KBC who said the Belgian bank is exploring acquisitions in Central Europe, including Romania. SocGen has been reducing its geographic reach, exiting African markets and selling units, dismantling the empire put together by previous management in the past decades. \"Some businesses from this era linger with questionable synergies to the group, despite being well run and generating respectable returns on equity,\" they note. Shares trade at 36.81 euros and are up 70% on a 12-month basis. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 14, 2025 05:59 ET (10:59 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Societe Generale Has Options For Its Romania Business -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSociete Generale Has Options For Its Romania Business -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-14 18:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1059 GMT - <a href=\"https://laohu8.com/S/SCGLF\">Societe Generale</a>'s Romania business, BRD, isn't valued by the market, Jefferies says in a research note. Owning the Romanian bank is not advantageous for the French bank and it would make sense for <a href=\"https://laohu8.com/S/SCGLY\">Societe Generale</a> to look at options for the unit, Joseph Dickerson and Theo Massing write. They point to comments from the CEO of KBC who said the Belgian bank is exploring acquisitions in Central Europe, including Romania. SocGen has been reducing its geographic reach, exiting African markets and selling units, dismantling the empire put together by previous management in the past decades. \"Some businesses from this era linger with questionable synergies to the group, despite being well run and generating respectable returns on equity,\" they note. Shares trade at 36.81 euros and are up 70% on a 12-month basis. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 14, 2025 05:59 ET (10:59 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2511666613","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2511666613","pubTimestamp":1739530740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1059 GMT - Societe Generale's Romania business, BRD, isn't valued by the market, Jefferies says in a research note. Owning the Romanian bank is not advantageous for the French bank and it would make sense for Societe Generale to look at options for the unit, Joseph Dickerson and Theo Massing write. They point to comments from the CEO of KBC who said the Belgian bank is exploring acquisitions in Central Europe, including Romania. SocGen has been reducing its geographic reach, exiting African markets and selling units, dismantling the empire put together by previous management in the past decades. \"Some businesses from this era linger with questionable synergies to the group, despite being well run and generating respectable returns on equity,\" they note. Shares trade at 36.81 euros and are up 70% on a 12-month basis. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","SCGLY":"Societe Generale"},"translate_title":"法国兴业银行对其罗马尼亚业务有多种选择——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SCGLY":0.9},"content_text":"1059 GMT - Societe Generale's Romania business, BRD, isn't valued by the market, Jefferies says in a research note. Owning the Romanian bank is not advantageous for the French bank and it would make sense for Societe Generale to look at options for the unit, Joseph Dickerson and Theo Massing write. They point to comments from the CEO of KBC who said the Belgian bank is exploring acquisitions in Central Europe, including Romania. SocGen has been reducing its geographic reach, exiting African markets and selling units, dismantling the empire put together by previous management in the past decades. \"Some businesses from this era linger with questionable synergies to the group, despite being well run and generating respectable returns on equity,\" they note. Shares trade at 36.81 euros and are up 70% on a 12-month basis. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 14, 2025 05:59 ET (10:59 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}