French bank Societe Generale S.A. (GLE.FR) said Thursday that it has finalized the transfer of its ECS IT infrastructure management unit to Belgium's Econocom Group S.A. (ECONB.BT)

MAIN FACTS:

- The operation values ECS shares at EUR210 million (including the 2009 dividend to be paid to the seller), EUR30 million of which will be financed through an Econocom share issue underwritten by Societe Generale. .

- After this transaction, Societe Generale will own 10.4% of Econocom's share capital.

- The transaction has been approved by European competition authorities.

- By Paris Bureau, Dow Jones Newswires; +331-4017-1765; elena.berton@dowjones.com
Econocom (EU:ECONB)
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