Sarkozy aide opposed to any hostile SocGen bid

Sat Feb 2, 2008 8:48pm GMT
 
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PARIS, Feb 2 (Reuters) - A senior adviser to French President Nicolas Sarkozy has told French paper Le Parisien that France remains against any hostile bid for Societe Generale (SOGN.PA: Quote, Profile, Research), the French bank hit by a trading scandal.

In an interview due to be published on Sunday, Sarkozy's chief of staff Claude Gueant said France preferred a "friendly" solution for SocGen should SocGen end up as a bid target.

"For the public authorities, one thing is clear: a friendly solution would be preferable to a hostile attack from any kind of financial establishment," Gueant was quoted as saying. He also criticised SocGen for not having alerted Sarkozy sooner to its problems.

(Reporting by Sudip Kar-Gupta)

 
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