Societe Generale (SOGN.PA), France's second-largest bank, has increased its stake in Russian subsidiary Rosbank (ROSB.MM), which it said was part of a long-term commitment to Russia. The deal comes as Russia's economy is under pressure partly as a result of sanctions imposed by the United States and Europe to protest against Moscow's annexation of Crimea.
Reuters: French Societe Generale raises stake in Russia’s Rosbank
French bank Societe Generale said it bought 7 percent of Rosbank's share capital from Interros group.
