By Alberto Delclaux

Societe Generale SA France (GLE.FR) has agreed to sell Poland's Euro Bank SA for about 1.83 billion Polish zloty ($483 million) to a subsidiary of Banco Comercial Portugues S/A (BCP.LB).

The Portuguese bank said in a statement that its 50.1%-owned subsidiary, Bank Millennium SA, will pay cash for a 99.79% stake in Euro Bank.

The transaction is expected to close in the second quarter of 2019, BCP said.

Write to Alberto Delclaux at alberto.delclaux@dowjones.com

(END) Dow Jones Newswires

November 05, 2018 02:09 ET (07:09 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Banco Comercial Portugues (PK) (USOTC:BPCGY)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Banco Comercial Portugues (PK) Charts.
Banco Comercial Portugues (PK) (USOTC:BPCGY)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Banco Comercial Portugues (PK) Charts.