SocGen sets up €170 mn liquidity agreement to control volatility

Comments (0) | 23 Aug 2011 | Rating | Print by Tim Human

Bank says plan is not to keep stock price high but rather to keep it steady

Société Générale (SocGen) has signed a liquidity agreement with Rothschild & Cie in a bid to control the volatility in its shares.

In a statement, the French bank says it has made €170 mn ($245 mn) available for the scheme, which will last for one year.

‘The idea ...

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