BRED Banque Populaire S.A. agreed to acquire 70% stake in Société Générale Madagasikara from Société Générale Société anonyme (ENXTPA:GLE) on August 5, 2024.

This divestment project is subject to the usual conditions precedent and the validation of the relevant financial and regulatory authorities and is expected completion date which could take place by the end of the first quarter of 2025.