Credit Agricole Confirms Talks on Moroccan Sale
October 01 2021 - 1:37AM
Dow Jones News
By Ed Frankl
Credit Agricole SA said late Thursday that it is in discussions
with Moroccan company Holmarcom about a possible sale of the bank's
subsidiary Credit du Maroc, confirming what it called "market
rumors."
The discussions are at a preliminary stage with no certainty as
to the completion of a sale, the Paris-based bank said.
Credit Agricole added that it would communicate in due course if
the transaction materializes, but wouldn't comment further in the
meantime.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
October 01, 2021 01:22 ET (05:22 GMT)
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