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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 2017 25 223 M
EBIT 2017 7 914 M
Net income 2017 3 732 M
Debt 2017 -
Yield 2017 5,22%
P/E ratio 2017 9,24
P/E ratio 2018 8,44
Capi. / Sales 2017 1,34x
Capi. / Sales 2018 1,31x
Capitalization 33 799 M
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 46,7 €
Spread / Average Target 12%
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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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