Societe Generale announces that it has signed two agreements with the Vista Group with a view to selling its entire stake in its African subsidiaries Societe Generale Burkina Faso and Banco Societe Generale Moçambique, currently held at 52.6% and 65% respectively.

Under the terms of the agreements, the Vista Group would take over all the activities operated by these local subsidiaries, as well as all the customer portfolios and all the employees of these entities.

The completion of each of these transactions, which could take place in 2024, is subject to the approval of the entities' governing bodies, to the usual conditions precedent, and to validation by the relevant financial and regulatory authorities.

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