DBS to advance in bid for SocGen’s Asian Private Bank

Final bids expected by end-November.

According to a report by Bloomberg, DBS Group Holdings Ltd. (DBS) is among banks that have advanced in bidding for Societe Generale (GLE) SA’s private banking assets in Asia, said three people with knowledge of the matter.

Societe Generale picked about five suitors to study the unit’s finances after they made initial offers, said one of the people, asking not to be named because the process is confidential. Final bids are expected by the end of November, according to two people, who didn’t identify the other companies. The division oversees about $13 billion.

Read full report here.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!