Friday, 14 March 2014

Singapore's DBS agrees to buy SocGen's Asian private bank: sources


[HONG KONG] Singapore's DBS Group Holdings Ltd has agreed to buy French bank Societe Generale's (SocGen) Asian private bank for about US$250 million, people familiar with the matter told Reuters on Friday.

A deal is expected to be announced as early as Monday, said the sources, who declined to be identified as the information is not public.
DBS and SocGen declined to comment. - Reuters

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