Société Générale

Societe Generale Digital Transformation Strategy Analysis Report 2023: Accelerators, Incubators, and Other Innovation Programs - ResearchAndMarkets.com

Retrieved on: 
Thursday, January 11, 2024
Software, Technology, Fintech, Professional Services, Credit, Insurance, API, Société Générale, ICT, SME, Automation, Crédit du Nord

The "Societe Generale - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Societe Generale - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering.
  • This report provides insight into Societe Generale's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts.
  • The French Retail Banking division includes Societe Generale, Boursorama Banque, and Credit du Nord.
  • Societe Generale is actively collaborating with digital trade finance platforms and fintechs to drive digital transformation.

Pattern Energy Closes $11 Billion Financing of Largest Clean Energy Infrastructure Project in U.S. History

Retrieved on: 
Wednesday, December 27, 2023
Commercial Building & Real Estate, Utilities, Construction & Property, Sustainability, Environment, Alternative Energy, Energy, Building Systems, Slate, Quanta, EPC, Royal Bank of Canada, Intesa Sanpaolo, Banco Santander, Investment, Scotiabank, CPP Investment Board, Santander Bank, Multimedia, CoBank, Electricity, General Electric, Royal Bank, Snell, Investment banking, Pattern Energy, KfW IPEX-Bank, Letter, Lincoln, Carbon, History, CPP, BNP Paribas, S.A, Principal, Riverstone Holdings, Société Générale, Bank of America, HVDC, Wells Fargo, KV, Sumitomo Mitsui Banking Corporation, Banco Bilbao Vizcaya Argentaria, Transmission, Bank, Export Development Canada, KFW, MUFG Bank, Sumitomo Mitsui Trust Holdings, ACB, National bank, National Bank of Canada, Desjardins Group, Security (finance)

Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.

Key Points: 
  • Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.
  • “Our hope is this successful financing of the largest clean energy infrastructure project in American history serves as an example for other ambitious renewable infrastructure initiatives that are needed to accelerate our transition to a carbon free future,” said Hunter Armistead, CEO of Pattern Energy.
  • “We are very grateful to all of our financial partners who are backing SunZia as part of this record-setting project financing.
  • SunZia Transmission and Pattern Energy have partnered with the New Mexico Renewable Energy Transmission Authority (RETA) on the development of the transmission project in New Mexico.

Wilshire Completes Acquisition of Lyxor U.S.

Retrieved on: 
Friday, December 8, 2023
Asset Management, Professional Services, Finance, Société Générale, Acquisition, Financial services

Wilshire, a leading global financial services firm, today announced the completion of its previously announced acquisition of Lyxor Asset Management Inc. (“Lyxor U.S.”), the U.S.-based investment advisor business of Lyxor Asset Management with $20.8 billion in assets under management1.

Key Points: 
  • Wilshire, a leading global financial services firm, today announced the completion of its previously announced acquisition of Lyxor Asset Management Inc. (“Lyxor U.S.”), the U.S.-based investment advisor business of Lyxor Asset Management with $20.8 billion in assets under management1.
  • This transaction brings together two firms that share an unwavering commitment to improving investment outcomes for clients.
  • With the addition of Lyxor U.S., Wilshire is able to offer an enhanced suite of investment products and a leading alternatives platform to support a broader range of investment opportunities for clients of both legacy businesses.
  • Financial terms of the transaction were not disclosed.

Adani Green accomplishes its Construction Financing Framework at USD 3 billion

Retrieved on: 
Tuesday, December 5, 2023
Finance, Alternative Energy, Energy, Professional Services, Utilities, Party, Climate change, COP28, Construction, MUFG Bank, Sustainable Development Goals, SDG, USD, Partner, Documentation, Société Générale, Plain Green Loans, Conference, BNP Paribas, Sustainalytics, Adani Green Energy, Latham & Watkins, Sumitomo Mitsui Banking Corporation, Linklaters, MD, Intesa Sanpaolo, Standard Chartered, Renewable energy, Bank, Khavda, Head

Adani Green Energy Ltd (AGEL), India’s largest and world’s leading renewable energy player announced follow-on funding of USD 1.36 billion (Bn) to further boost its Construction Financing Framework to USD 3 Bn backed by a consortium of renowned international banks.

Key Points: 
  • Adani Green Energy Ltd (AGEL), India’s largest and world’s leading renewable energy player announced follow-on funding of USD 1.36 billion (Bn) to further boost its Construction Financing Framework to USD 3 Bn backed by a consortium of renowned international banks.
  • The definitive agreements have been executed with 8 leading international banks, which are all returning lenders and instrumental in establishing AGEL’s Construction Financing Framework since March 2021.
  • Mr Amit Singh, CEO, Adani Green Energy Ltd, said, “We believe, Construction Financing Framework is an essential element of our development agenda and supports our unwavering commitment to build a sustainable future.
  • We are incredibly proud to put forward the framework for our portfolio companies where in we have raised sustainable financing solutions for Adani Green, Adani Energy Solution to support the delivery of critical infrastructure projects.

Impact Disclosure Taskforce Created to Scale Financing of the United Nations Sustainable Development Goals

Retrieved on: 
Tuesday, November 28, 2023
Environment, Finance, Consulting, Banking, Business, Professional Services, Sustainability, Environmental, Social and Governance (ESG), Asset Management, Asian Development Bank, Disclosure, Allianz Global Investors, ISSB, Sustainable Development Goals, CDPQ, Investment, Axa Investment Managers, Bank, Citigroup, Standard Chartered, International Capital Market Association, International Sustainability Standards Board, UNCTAD, AFD, Natixis Investment Managers, SDG, Research, USD, Société Générale, Global Impact, ADB, Conference, DFC, Linklaters, GISD, Task force, Poverty, Deutsche Bank, Engagement, Goldman Sachs, Investment banking, ICMA, Bank of America, UNIS-UN Conference, Innovation, Sustainable finance, ESG, Renewable energy, Asset management, Cryptocurrency

The Taskforce also intends to explore mechanisms for disseminating and analyzing this entity-level impact information to promote transparency and accountability.

Key Points: 
  • The Taskforce also intends to explore mechanisms for disseminating and analyzing this entity-level impact information to promote transparency and accountability.
  • The Taskforce also obtains input from public development banks including the Asian Development Bank (ADB), the French Agency for Development (AFD), and the United States International Development Finance Corporation (DFC), as well as from the Global Impact Investing Network (GIIN), members of the Global Investors for Sustainable Development Alliance (GISD), and Linklaters.
  • Collaborating to provide suggested guidance on standardized impact metrics for development finance will allow entities to more clearly communicate their contribution towards the SDGs.
  • We are working to support greater impact disclosures and ultimately attract more sustainable finance capital to emerging markets and developing countries.”

Six One Commodities Successfully Expands and Renews Revolving Credit Facility

Retrieved on: 
Tuesday, November 28, 2023
Banking, Professional Services, Finance, Facility, Todeschini, 61C, MUFG Bank, HSBC Bank USA, Société Générale, Investment banking, Financial management, Valley Bank, HSBC Bank, Wells Fargo, Renewable energy

Six One Commodities LLC (“61C”) today announced that it has successfully closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility (the “Facility”).

Key Points: 
  • Six One Commodities LLC (“61C”) today announced that it has successfully closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility (the “Facility”).
  • The Facility includes a $300 million accordion feature, bringing total capital available to $1 billion.
  • Benjamin Sutton, 61C’s CEO, commented: “This refinancing, achieved amidst a challenging credit environment, underscores our lending partners' confidence in 61C's performance and growth potential.
  • “Their commitment, particularly within a tight credit market, is testament to 61C's robust financial management and strategic vision.

Netrality Data Centers Secures $380M Sustainability-Linked Loan to Support Energy-Efficiency

Retrieved on: 
Tuesday, November 28, 2023
UPS, Carbon, Sustainability, TD Securities, ESG Solutions, LLP, White, White & Case, Public expenditure, SLL, Goldman Sachs, Artificial intelligence, MIAMI, Huntington Bancshares, Société Générale, Societe Generale bank Montenegro, Morgan, Lewis & Bockius, Water, Sustainable finance, ESG, Security (finance), Renewable energy

The SLL will fuel data center expansion projects that embody sustainable designs and implement infrastructural measures to support the reduction of power usage effectiveness ("PUE") levels across Netrality's portfolio.

Key Points: 
  • The SLL will fuel data center expansion projects that embody sustainable designs and implement infrastructural measures to support the reduction of power usage effectiveness ("PUE") levels across Netrality's portfolio.
  • The SLL is comprised of a $125 million initial term loan, a $145 million revolving credit facility, and a $110 million delayed draw term loan.
  • "TD Securities was pleased to support Netrality as a Sustainability Structuring Agent on the sustainability-linked credit facility.
  • Andrew Weisberg, Kerrick Seay, and Chiara Eramo of White & Case LLP, represented Netrality Data Centers in the transaction.

Wilshire to Acquire Lyxor Asset Management Inc., a Leading Alternative Investment Provider, from Amundi

Retrieved on: 
Tuesday, October 31, 2023
Asset Management, Professional Services, Finance, Risk, Clifford Chance, ETF, PJT Partners, Acquisition, Research, Kirkland & Ellis, Multimedia, CalSTRS, Partnership, Solomon Partners, Financial services, Amundi, Société Générale, European

Wilshire, a leading global financial services firm, has entered into a definitive agreement to acquire Lyxor Asset Management Inc. (“Lyxor U.S.”), a U.S.-based investment advisor with $20.8 billion in assets under management1, from Amundi, the largest European asset manager.

Key Points: 
  • Wilshire, a leading global financial services firm, has entered into a definitive agreement to acquire Lyxor Asset Management Inc. (“Lyxor U.S.”), a U.S.-based investment advisor with $20.8 billion in assets under management1, from Amundi, the largest European asset manager.
  • Through this transaction, Wilshire will become a leading provider of hedge fund managed accounts and enhance its alternative investment offering.
  • Lyxor U.S. was previously the U.S. subsidiary of Lyxor, the major European ETF and liquid alternatives provider acquired by Amundi in 2021.
  • Wilshire was advised by Solomon Partners and Kirkland & Ellis LLP, and Amundi was advised by PJT Partners and Clifford Chance LLP.

Galytix Extends its Generative AI Data Platform to Automate Corporate Credit Lending for Global Banks

Retrieved on: 
Wednesday, October 18, 2023
Insurance, Data analysis, Intelligence, AI, Société Générale, Metadata, GX, Bank, Cryptocurrency

LONDON, Oct. 18, 2023 /PRNewswire/ -- Galytix , the GenAI data technology company for financial institutions, today announced the expansion of its next generation GX data platform, which is now being used by global banks to automate corporate credit lending and generate early warning signals.

Key Points: 
  • LONDON, Oct. 18, 2023 /PRNewswire/ -- Galytix , the GenAI data technology company for financial institutions, today announced the expansion of its next generation GX data platform, which is now being used by global banks to automate corporate credit lending and generate early warning signals.
  • Founded in 2015, Galytix developed a market-leading data operating system powered by generative AI that engineers and unifies the end-to-end data flow for financial institutions.
  • Its proprietary GX Platform discovers, ingests, curates and ontologises structured and unstructured data using algorithmic, end-to-end pipelines and intelligent metadata.
  • Galytix clients include Societe Generale , which uses the GX platform to manage its data flow for corporate credit ratings and analysis globally.

Galytix Extends its Generative AI Data Platform to Automate Corporate Credit Lending for Global Banks

Retrieved on: 
Wednesday, October 18, 2023
Insurance, Data analysis, Intelligence, AI, Société Générale, Metadata, GX, Bank, Cryptocurrency

LONDON, Oct. 18, 2023 /PRNewswire/ -- Galytix , the GenAI data technology company for financial institutions, today announced the expansion of its next generation GX data platform, which is now being used by global banks to automate corporate credit lending and generate early warning signals.

Key Points: 
  • LONDON, Oct. 18, 2023 /PRNewswire/ -- Galytix , the GenAI data technology company for financial institutions, today announced the expansion of its next generation GX data platform, which is now being used by global banks to automate corporate credit lending and generate early warning signals.
  • Founded in 2015, Galytix developed a market-leading data operating system powered by generative AI that engineers and unifies the end-to-end data flow for financial institutions.
  • Its proprietary GX Platform discovers, ingests, curates and ontologises structured and unstructured data using algorithmic, end-to-end pipelines and intelligent metadata.
  • Galytix clients include Societe Generale , which uses the GX platform to manage its data flow for corporate credit ratings and analysis globally.