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Societe Generale: Russia Plan Continues with $75m Stake Sale

Societe Generale has decided to leave the Russia market and will exit by selling stakes in energy and metals companies to Rosbank PJSC, its former unit, for an estimated $75m.

The headquarters of Société Générale, the French banking group, in La Defense, outside Paris. PHOTO: Shutterstock

The majority of the portfolio consists of small interests in some of Russia’s biggest companies, including Gazprom PJSC, MMC Norilsk Nickel PJSC, Lukoil PJSC, and Rosneft PJSC.

While each position is small, the total value of the portfolio is estimated to be more than

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