TBC Bank: Societe Generale Sells Entire Stake

Features Dow Jones Newswires

TBC Bank Group PLC (TBCG.LN), a bank operating in the former Soviet state Georgia, Wednesday said it was notified by French bank Societe Generale S.A. France (GLE.FR) that it has sold its entire holding of 2.8 million ordinary shares in TBC.

Continue Reading Below

Shares at 1436 GMT, down 78 pence, or 4.8%, at 1,555 pence valuing the company at GBP820.8 million.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

(END) Dow Jones Newswires

June 28, 2017 10:53 ET (14:53 GMT)