Societe Generale is looking for a buyer for Shine, the neobank aimed at professionals that the group acquired in 2020, Les Echos newspaper reported on Wednesday, without identifying its sources.

Contacted by Reuters, a Societe Generale spokesperson declined to comment.

Societe Generale's intention to sell Shine is part of a wider restructuring strategy aimed at relaunching the company on the stock market.

According to Les Echos, the bank has already approached several potential buyers for Shine. (Written by Tassilo Hummel and Jean Terzian)