Credit Agricole Agrees to Sell Romanian Subsidiary
04 Janeiro 2021 - 2:24PM
Dow Jones News
By Mauro Orru
Credit Agricole SA said Monday that it has signed an agreement
to sell its Romanian subsidiary Credit Agricole Bank Romania SA to
Romanian bank Vista Bank Romania SA.
The French bank didn't disclose financial details, but said the
transaction wouldn't have a "significant impact" on its solvency
ratios.
The deal is expected to be completed in the first half of 2021,
subject to clearance from the National Bank of Romania and the
Romanian Competition Council, Credit Agricole said.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
January 04, 2021 12:09 ET (17:09 GMT)
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