Societe Generale Said to Revive Sale of UK Private Bank Unit
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Societe Generale headquarters in Paris.
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Societe Generale SA is reviving a potential sale of its private UK bank Kleinwort Hambros, according to people familiar with the matter, a move that would allow the French lender to free up capital.
The French bank is working with advisers to explore interest in the unit, said the people, who asked not to be identified discussing private matters. There’s no certainty the efforts will lead to a transaction, they said.