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NEW YORK/LONDON (Reuters) - Societe Generale SOGN.PA is gearing up to launch the sale of its asset management arm Lyxor as the French lender seeks to shore up its finances after two consecutive quarterly losses, two sources familiar with the matter told Reuters. Slideshow ( 2 images ). France's third-biggest bank has hired Citigroup to oversee the sale, which is expected to kick off in the fourth quarter, the sources said, speaking on condition of anonymity as the matter is confidential. Societe Generale and Citi declined to comment. Lyxor had about 132 billion euros ($156 billion) of assets under management at the end of June, with exchanged-traded funds (ETF) representing almost half of ... Full story

20 September