DBS in advanced talks to buy SocGen Asian private bank

Analysts estimate between $300m and $400m.

According to a report by Reuters, Singapore's DBS Group Holdings (DBSM.SI) is in advanced talks to buy Societe Generale's (SOGN.PA) Asian private bank, a deal that would help boost its private banking assets by almost a third, sources familiar with the matter said.

It was unclear how much Southeast Asia's biggest lender would be willing to pay for the bank, but previous estimates from financial sources have valued it at between $300 million and $400 million.

Read full report here.

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