Royale Belge SA sold its 3.75% stake...
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Royale Belge SA sold its 3.75% stake in Societe Generale de Belgique SA to Banque Generale du Luxembourg. A spokesman for Royale Belge, a leading Belgian insurance company, declined to disclose terms of the sale. Societe Generale, Belgium’s largest holding company, is the target of a hostile takeover bid by Italian financier Carlo de Benedetti.
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