DBS bids for SocGen’s Asian private bank for $300m-$400m

DBS still mum on the issue.

According to Bloomberg's report, DBS Group Holdings Ltd. (DBS) and ABN Amro Group NV made final offers for Societe Generale (GLE) SA’s private banking business in Asia, said two people with knowledge of the matter.

Bids submitted yesterday (Nov 25) have valued the unit at $300 million to $400 million, one of the people said, asking not to be identified as the process is private. Societe Generale, France’s second-largest bank by market value, has been selling assets from Japan to North America and is eliminating jobs as it tries to boost profitability.

Spokesmen for DBS, ABN Amro and Societe Generale declined to comment on bidding for the unit.

Read full report here.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia