Sunday 14 August 2011

Societe Generale Investor Groupama Says It Didn’t Sell a ‘Single’ Share

http://www.bloomberg.com/news/2011-08-12/groupama-says-it-didn-t-sell-a-single-societe-generale-share-during-rout.html

Groupama SA, Societe Generale (GLE) SA’s second-biggest investor, didn’t sell “a single share” in the bank in the past six weeks even as the stock plunged and analysts questioned the insurer’s financial strength.

“It’s clear the eurozone crisis makes some pressure on our solvency but I want to underline that we don’t want to join the collective panic,” Collin said Aug. 4. “We don’t see any default of Spain and Italy.”

No comments:

Post a Comment