French bank SocGen says ALD unit completes 1.2 bln euro capital increase

Ayvens SA

16/12/2022 07:36

PARIS, Dec 16 (Reuters) - French bank Societe Generale
 SOGN.PA  said on Friday that its car leasing unit ALD  ALDA.PA 
had successfully completed a 1.2-billion euro  ($1.3 billion)
capital increase launched to finance its purchase of Dutch rival
LeasePlan.
    It said that Societe Generale had subscribed for
approximately 803 million euros in the rights issue.
    The bank added that, upon closing of the acquisition, it
would ultimately own 52.6% of the new group's share capital.
    ($1 = 0.9387 euros)
 (Reporting by Silvia Aloisi;
Editing by Sudip Kar-Gupta)
 ((silvia.aloisi@thomsonreuters.com; +393487607044; Reuters
Messaging: silvia.aloisi.thomsonreuters.com@reuters.net))