MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Newedge Group | Société Générale
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Societe Generale Announces An Agreement for the Sale of PEMA GmbH to TIP Trailer Services - Societe Generale announces the signing of an agreement to sell PEMA GmbH, a truck and trailer rental company to TIP Trailer Services, a company specialized in operational leasing of transportation equipment in Europe and Canada - TIPeurope.com / PEMA.eu
Societe Generale Announces An Agreement for the Sale of PEMA GmbH to TIP Trailer Services

 

NewswireToday - /newswire/ - Paris, Ile-de-France, France, 2019/07/26 - Societe Generale announces the signing of an agreement to sell PEMA GmbH, a truck and trailer rental company to TIP Trailer Services, a company specialized in operational leasing of transportation equipment in Europe and Canada - TIPeurope.com / PEMA.eu.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial / Legal / Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

TIP Trailer Services (tipeurope.com) is a portfolio company of I Squared Capital, a leading infrastructure investment manager.

The completion of the transaction is subject to the approval of the relevant antitrust authorities. The closing is expected to take place in the coming months.

PEMA GmbH (pema.eu) currently manages a fleet of around 19,000 vehicles in seven countries in Europe*. This transaction is expected to have a positive impact on the Group's CET1 ratio of around 2 basis points. The transaction will also have a negative impact of EUR 43 million on the Group's second quarter 2019 results, due to goodwill and fixed asset impairments in application of IFRS 5.

Philippe Heim, Deputy Chief Executive Officer of Societe Generale group in charge of International Retail Banking activities, Financial Services and Insurance, comments: “This transaction illustrates the dynamic management of the Group's business portfolio and is another step in the execution of its refocusing program. Societe Generale will pursue its strategy of profitable growth in equipment finance and leasing through its subsidiaries ALD and Societe Generale Equipment Finance.”

* Germany, Belgium, Denmark, Poland, Czech Republic, Sweden, Switzerland

Press contacts:
Corentin HENRY - Societe Generale
+33(0)1 58 98 01 75 - E: corentin.henry[.]socgen.com.

Marc AANDEWEG - TIP Trailer Services
P: +31(20) 504 1767 - E: Marc.Aandeweg[.]tipeurope.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial / Legal / Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Newedge Group | Société Générale

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial / Legal / Venture articles,
CATCH Visitors via Your Competitors Announcements!


Societe Generale Announces An Agreement for the Sale of PEMA GmbH to TIP Trailer Services

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Fanny Rouby - SocieteGenerale.com 
+33(0)1 57 29 11 12 fanny.rouby[.]socgen
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Newedge Group | Société Générale securities in any jurisdiction including any other companies listed or named in this release.

Financial / Legal / Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Newedge Group | Société Générale / Company Profile


Read Financial / Legal / Venture Most Recent Related Newswires:

Global Financial Analytics Market is Propagating At a Growth Rate of 10.05% CAGR by 2027 Finds Inkwood Research
Apollo and Athene to Acquire PK AirFinance from GECAS
TRA Offers Complimentary Business Assessment to TPA Owners through Year-End 2019
ALM Announces New Data-driven Audience First Marketing Platform
South Carolina's SuggsJohnson CPA Firm Promotes Three Professionals to Expanded Roles
LexisNexis Launches Enhanced CourtLink Docket Research Solution on the Lexis Advance Platform
EDF Signs Two Bilateral Sustainable Revolving Credit Facilities with Crédit Agricole CIB and Societe Generale CIB
LexisNexis Launches Context for Courts, Delivering Venue-Specific Insights for Data-Driven Litigators
SuggsJohnson CPAs Relaunch Website as Step in Expanding Digital Presence
NCR Acquires D3 Technology
ALM Acquires Australia’s General Counsel Summit
South Carolina CPA Firm SuggsJohnson Expands Audit & Assurance Team with Addition of Halkowitz
The Retirement Advantage Welcomes Two New Regional Sales Consultants
Leonardo Signs Memorandum of Understanding with BNL Gruppo BNP Paribas, Cassa Depositi e Prestiti, Intesa Sanpaolo and UniCredit
LexisNexis Legal & Professional Awarded 2019 Achievement in Customer Excellence

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Life Services Alternatives

Visit  RightITnow, Inc.





 
  ©2019 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)