LONDON -- Societe Generale said it has bought a 30% stake in Crosby Securities International Holdings Ltd. and Crosby U.S. Holdings Ltd., two entitles that control the Asian stock brokerage activities of the Hong Kong-based merchant bank Crosby Group.

Societe Generale, based in Paris, said it intends to raise its holdings in the two new companies to 49% within the next few months. Financial details were not disclosed.

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