Société Générale’s ALD aims for €6.3bn initial valuation

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Cookies Settings
Equity
Equity IPOs

Société Générale’s ALD aims for €6.3bn initial valuation

Aidan Gregory
June 05, 2017 03:00 PM
ALD__PA_230x150
Moody's ratings agency said Wednesday Sept. 14, 2011, it had downgraded by one notch top French banks Societe Generale and Credit Agricole while leaving BNP Paribas on negative watch. Credit Agricole's rating slid from Aa1 to Aa2 while Societe Generale was cut from Aa2 to Aa3. Shares in all three banks have plummeted in recent weeks on exposure to Greek sovereign debt and turbulence caused by the eurozone debt crisis. File picture : French bank Societe Generale's headquarter in Paris, France on August 05, 2008. Photo by Giancarlo Gorassini/ABACAPRESS.COM | Gorassini Giancarlo/ABACA/PA Images

Société Générale has opened the books for the Paris flotation of ALD, its car leasing business, which if completed, will be the largest French IPO since asset manager Amundi went public in November 2015 for €1.6bn.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

Deutsche BankJP MorganCredit SuisseEquity IPOsEquityBank of AmericaFranceBarclaysEMEAEuropeHSBCSociété Générale
AG
Aidan Gregory
Gift this article