Societe Generale mulls putting digital bank Shine up for sale – Les Echos

FILE PHOTO: Logo of French bank Societe Generale in La Defense near Paris

PARIS (Reuters) – French lender Societe Generale is considering a sale of its digital bank for professional clients from the startup sphere called Shine, newspaper Les Echos reported on Wednesday, citing unnamed sources.

A SocGen spokesperson declined to comment when contacted by Reuters.

The report said the lender was in the process of approaching potential buyers of the business, citing several unnamed sources.

(Reporting by Tassilo Hummel; Editing by Leslie Adler)

Reuters

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