Morepen Laboratories Limited (NSE: MOREPENLAB; BSE: 500288) has announced the successful subscription of a Qualified Institutional Placement (QIP) for Rs. 200 crore. This strategic move underscores Morepen’s commitment to accelerating growth, enhancing institutional participation, increasing market presence, and improving its financial position. The company aims to fortify its leadership in the field of medical devices […]
Societe Generale has reached a significant agreement to sell the bulk of its Societe Generale Equipment Finance (SGEF) activities to Groupe BPCE, marking a pivotal development in the European financial services industry. The Memorandum of Understanding, signed under the chairmanship of Lorenzo Bini Smaghi, involves a transaction valued at €1.1 billion, which is poised to […]
Neoen, a French renewable energy producer, has moved ahead with the first tranche of 209MW of its Goyder South Stage 1 wind farm in Australia, following the completion of the financial close last month. Situated near Burra in the Mid North region of South Australia, the Goyder South Stage 1 wind farm will have a […]
Societe Generale, a French financial services major, and AllianceBernstein, an investment management and research firm, are planning to create a joint venture (JV) to establish a cash equities and equity research business. The new collaboration complements Societe Generale’s investment banking strategy to bring portfolio diversification, both from a geographical perspective and type of revenues. Societe […]
French banking giant Societe Generale (SocGen) has wrapped up the previously announced sale of Rosbank as well as the group’s insurance subsidiaries in Russia to Interros Capital. Interros Capital is a Russia-based conglomerate controlled by Russian oligarch Vladimir Potanin. It is a previous shareholder of Rosbank, which is a Russian universal bank. The deal, which […]
French banking group Societe Generale (SocGen) said that it has entered into an exclusive negotiation with Amundi for the sale of Lyxor for €825 million in cash. Amundi is a French asset management company majority-owned by Crédit Agricole, while Lyxor handles Societe Generale’s asset management activities. Lyxor operates mainly through Lyxor Asset Management, which is […]
Tata Consultancy Services (TCS) said that French investment services company Societe Generale Securities Services (SGSS) has deployed its TCS BaNCS core banking software suite. TCS BaNCS is being used by Societe Generale Securities Services as its new multi-entity asset servicing platform in Germany, France, UK, Luxembourg, and Ireland. According to Tata Consultancy Services, the French […]
Mineração Vale Verde (MVV) has secured debt financing of $140 million for the development of its Serrote copper-gold project in Alagoas, Brazil. The Brazilian miner is a portfolio company of Appian Capital Advisory, a British investment advisor. The debt financing will be provided by ING Capital, Natixis (New York branch), and Societe Generale. Mineração Vale […]
TIP Trailer Services acquisition of PEMA : French banking group Societe Generale has entered into an agreement to sell truck and trailer rental company PEMA to TIP Trailer Services, a portfolio company of infrastructure investment manager I Squared Capital, for an undisclosed price. Currently, PEMA manages a fleet of approximately 19,000 vehicles in seven European […]
