Societe Generale and Credit Mutuel Arkea have made offers for Dutch lender ING’s (INGA.AS) French retail banking client portfolio, French newspaper La Tribune reported on Tuesday.
Societe Generale has submitted a bid on behalf of its Boursorama business, while Credit Mutuel Arkea wants the clients for its Fortuneo subsidiary, La Tribune said, without identifying its sources or giving a value for the offers.
Societe Generale declined to comment. Credit Mutuel Arkea was not immediately available and ING could not immediately be reached for comment.
ING said last month it would quit French retail banking, affecting 460 employees. read more
La Tribune said Credit Mutuel Alliance Federale (Monabanq) had dropped out of the bidding process, following the earlier withdrawal of Credit Agricole (Bforbank).
Source: Reuters.com