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Societe Generale De Belgique

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BUSINESS
July 5, 1988 | Associated Press
A French investment group and a Belgian insurer said Monday that they have gained control of about 80% of Societe Generale de Belgique SA, the subject of a protracted takeover battle. Under an accord reached two weeks ago with Italian financier Carlo De Benedetti, who initiated the battle, Cie. Financiere de Suez and Groupe AG, the insurance concern, are now at the helm of Belgium's largest holding company.
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BUSINESS
June 24, 1988 | Associated Press
Italian financier Carlo De Benedetti has agreed to sharply reduce his stake in Societe Generale de Belgique, ending a lengthy takeover battle for Belgium's largest holding company, sources said Thursday. Under terms of a settlement, De Benedetti will sell part of his 45% stake in Societe Generale to Cie. Financiere de Suez, a French banking company that, along with its allies, holds a slim majority.
BUSINESS
June 22, 1988 | From Reuters
Italian tycoon Carlo De Benedetti is near to agreeing on a peace pact in his six-month battle for control of Societe Generale de Belgique, Belgium's biggest company, a top official of the company said Tuesday. "There's an accord which has to be approved in legal form," Societe Generale director Etienne Davignon told a news conference at a stockholders' meeting.
BUSINESS
April 15, 1988 | Associated Press
Italian financier Carlo de Benedetti failed Thursday to win shareholder support in his takeover battle for the massive holding company Societe Generale de Belgique SA. More than 12 hours after a special meeting began in a tent next to the company's headquarters, a final count showed De Benedetti and his allies were unable to gain three seats on the company's board of directors.
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