Credit Agricole Sells Remaining Stake in Banque Saudi Fransi
28 Setembro 2020 - 10:13AM
Dow Jones News
By Pietro Lombardi
Credit Agricole SA has sold its remaining stake of 4% in Banque
Saudi Fransi for around 332 million euros ($386.2 million).
The French bank said Monday that the deal, for which all
regulatory approvals have been granted, will boost its core tier 1
ratio by 5 basis points.
The 4% stake was acquired by two institutional investors related
to the Saudi government.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com;
@pietrolombard10
(END) Dow Jones Newswires
September 28, 2020 08:58 ET (12:58 GMT)
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