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Societe Generale to sell digital bank Shine to Ageras

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Societe Generale and Ageras entered into an exclusive agreement through which the French bank intends to sell its subsidiary Shine as it continues to simplify its business.

The lender said 19 June that the Danish financial marketplace company would take over all of Shine’s activities and its employees. Subject to approvals, the completion of the deal is expected in the first half of 2025, it added.

SocGen set to offload Shine less than five years after its acquisition

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