Societe Generale Agrees to Sell Cameroonian Subsidiary to the State of Cameroon

Societe Generale announced on 15 July 2025 that it has agreed to sell its Cameroonian subsidiary, SG Cameroun, to the State of Cameroon. Under the terms of the agreement, the state will acquire more than 58% of the bank, lifting total government ownership to 83.7%. Financial terms of the transaction were not disclosed. The deal is expected to close by the end of 2025, subject to the required regulatory approvals.

CAPITAL IMPACT FOR SOCIETE GENERALE

Societe Generale said the transaction would have an approximately six basis point positive impact on its Common Equity Tier 1 ratio.

OTHER AFRICAN DISPOSALS

Societe Generale previously agreed to sell subsidiaries in a number of other African countries.

Societe Generale communicated the agreement through its standard investor relations channels.