SGBL announces the signing of an agreement with KBL European Private Bankers (KBL epb) on SGBL's acquisition of KBL Monaco Bank and KBL Richelieu Bank in France.
This acquisition will create a new Group, Compagnie Financière Richelieu, which will be 100% owned by the SGBL Group and which will include Banque Richelieu Monaco, Banque Richelieu France and Richelieu Gestion.
"With this acquisition project, SGBL is opening a new era of development in France and Monaco. In fact, we intend to develop a real growth, long-term industrial project for the Richelieu bank and all of its employees. It's our will and our commitment, "says Georges Saghbini, Deputy General Manager of SGBL Group.
* Société Générale de Banque in Lebanon.
