Société Générale shares surge on Citigroup takeover talk

Shares in Société Générale have posted their biggest gain in two and a half years following reports that Citigroup is preparing a bid for the French bank.

Bloomberg reports that the stock leapt 4.5% to €119.7 at 15:40 GMT in Paris today following a report in France's Le Nouvel Observateur that the US bank may bid. The weekly journal did not cite its sources.

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