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flag Societe Generale sells UK and Swiss private banking units to UBP for €900m.

flag Societe Generale agrees to sell its UK and Swiss private banking arms to Swiss bank Union Bancaire Privee (UBP) for approximately €900m (£770m). flag The deal will see UBP, which specializes in wealth management, take over the two divisions, which have combined total assets of €25bn (£21bn). flag Societe Generale aims to finalise the deals by the first quarter of next year, pending approval from relevant authorities. flag The bank plans to strengthen its capital base through these sales, which are part of its strategic roadmap targeting a streamlined, more synergetic and efficient business model.

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