Societe Generale to acquire 75% stake in energy-focused investment firm

Societe Generale, Europe’s financial services group announced its plans to acquire a majority, 75%, stake in Reed Management SAS, an asset management company with an interest in energy investments. 

As an anchor investor, Societe Generale committed to investing EUR 250 million in the inaugural fund. It would be launched before the 2024 year-end and support equity investments in emerging leaders.