ALD: rights issue launched

(CercleFinance.com) - Société Générale announces the launch of the ALD rights issue with preferential subscription rights for shareholders totaling approximately 1.
2 billion euros with a view to the proposed acquisition of LeasePlan.

"The principle of this Rights Issue was initially announced on January 6th, 2022 in connection with the announcement of ALD's plan to acquire LeasePlan and marks a major milestone in the creation of a leading global sustainable mobility player, benefiting from highly complementary expertise and synergies," it said.

This acquisition is expected to impact Société Générale group's CET1 capital ratio by around 40 bp at the closing date of the transaction. Société Générale would benefit from a ROTE uplift between 70 and 80 basis points in 2024.


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