Societe Generale to acquire a 75% stake in Reed Management for €250m.

Societe Generale, a French multinational investment bank and financial services company, agreed to acquire a 75% stake in Reed Management, an alternative asset management company founded by seasoned energy investment specialists, for €250m ($270m). “This acquisition is a new step in the execution of the Group strategic roadmap, as part of our ambition to bolster our ESG leadership. Societe Generale aims at boosting investments to support the specific financing needs of emerging leaders which require bespoke capital to deploy their innovative energy solutions. I firmly believe in the development of this complementary investment capacity which would enrich Societe Generale’s expertise in energy, infrastructure and mobility sectors, and offer a continuum of equity and debt solutions. I am delighted that Julien Touati, a recognized professional in his field, would run REED,” Slawomir Krupa, Societe Generale Chief Executive Officer.