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Dexia could merge with Societe Generale

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Dexia could merge with Societe Generale

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Belgian bank Dexia could be merged with French bank, Societe Generale.

An internet news site is reporting that the French government is looking at a tie-up between the two banks. Dexia is a big lender to local authorities, and the French government already owns a fiv5.7 per cent stake in it. The EU’s executive commission are expected to comment on a plan to restructure Dexia before next March.