By Mauro Orru

 

Credit Agricole SA said Friday that its subsidiary Credit Agricole Assurances reached an agreement with Italian infrastructure fund F2i SGR to acquire a stake in EF Solare.

The subsidiary of the French lender is acquiring a 30% stake in the photovoltaic energy operator, with F2i SGR retaining 70%.

Credit Agricole Assurances is acquiring the stake in association with its own subsidiary Credit Agricole Vita.

The value of the deal wasn't disclosed.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

January 08, 2021 12:35 ET (17:35 GMT)

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