According to Reuters, Société Générale may consider selling its equipment finance division, with the bank viewing “the business as non-core.”
Reuters reported that even though the bank is “open to a sale” of the division, “a transaction may not happen soon” due to “difficult market conditions.”
As Reuters noted, in 2020, Société Générale downsized its equipment finance business by selling SG Finans, the bank’s equipment finance and factoring division serving Norway, Denmark and Sweden, to Nordea.
