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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Société Générale    GLE   FR0000130809

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SocGen stake in Vivendi not strategic, CEO says

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05/03/2012 | 02:22pm CET

Societe Generale's (>> SOCIETE GENERALE) 7.86 percent stake in entertainment group Vivendi (>> VIVENDI) is not strategic and is linked to an employee savings scheme managed by the French bank, SocGen's chief executive said on Thursday.

Societe Generale's (>> SOCIETE GENERALE) 7.86 percent stake in entertainment group Vivendi (>> VIVENDI) is not strategic and is linked to an employee savings scheme managed by the French bank, SocGen's chief executive said on Thursday.

"(The Vivendi stake) is not strategic and it is mainly linked to the fact that we manage their employee savings scheme," Frederic Oudea told journalists on a conference call.

Separately, SocGen Deputy CEO Severin Cabannes said a surge in fixed-income revenue in the first quarter had been driven by both client activity and trading, adding that client demand could be fulfilled whatever the regulatory environment.

(Reporting by Lionel Laurent; Editing by James Regan)

Stocks treated in this article : SOCIETE GENERALE, VIVENDI
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Financials (€)
Sales 2016 25 057 M
EBIT 2016 8 080 M
Net income 2016 3 677 M
Debt 2016 -
Yield 2016 5,12%
P/E ratio 2016 9,48
P/E ratio 2017 9,88
Capi. / Sales 2016 1,39x
Capi. / Sales 2017 1,39x
Capitalization 34 935 M
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 41,3 €
Spread / Average Target -4,6%
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NameTitle
Frédéric Oudéa Chief Executive Officer & Director
Lorenzo Bini Smaghi Chairman
Philippe Heim Group Chief Financial Officer
Alain Benoist Head-Processes & Information Systems
Carlos Goncalves Head-Global Technology Services
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