By Olivia Bugault

Societe Generale SA France (GLE.FR) said Thursday that the sale of its Nordic financing unit SG Finans to Nordea Bank Abp (NDAFI.HE) will hit its fourth-quarter 2019 results.

The French bank expects the transaction to have a negative impact of roughly 100 million euros ($111.3 million) in its 4Q, mainly due to "goodwill impairment and fixed asset impairments."

Meanwhile, the transaction should have a positive impact on the Group's CET1 ratio of about 10 basis points, it said.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

December 19, 2019 03:04 ET (08:04 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Societe Generale (EU:GLE)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Societe Generale Charts.
Societe Generale (EU:GLE)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Societe Generale Charts.