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Auction: SW1014 - Bonds & Share Certificates of the World
Lot: 39

Société Générale pour le Développement du Commerce et de l’Industrie en France. Certificat provisoire d’Inscription d’Action Nominatives F 500, Paris, 30. Mai 1939. #118070. The Société Générale "to support the growth of trade and industry in France" was founded in 1864. Its first chairman was the prominent industrialist Eugène Schneider (1805–1875). By 1870, the bank had 15 branches in Paris and 32 in the rest of France. It set up a permanent office in London in 1871. During the 1920s it became France's leading bank. It was nationalised in 1945 and privatised again in 1987. In 2008, the bank had to announce the “Kerviel Fraud”, a single futures trader had fraudulently lost the bank €4.9 billion, the largest such loss in history. Tears in fold repaired. VF:

Sold for
SFr140