Credit Agricole: No Plan To Boost Eurazeo Stake Above 20%
December 04 2009 - 5:35AM
Dow Jones News
French banking group Credit Agricole SA (ACA.FR) doesn't intend
to raise its stake in French investment holding company Eurazeo SA
(RF.FR) beyond 20% of the capital or 25% of the votes, a bourse
regulatory statement Friday shows.
The statement from the Autorite des Marches Financiers says the
country's second-largest bank has reduced its voting rights in
Eurazeo to 24.07%, largely through the dissolution of a previous
shareholders pact.
Credit Agricole, which is a longtime shareholder of reference in
Eurazeo, has retained its 18.2% share of the company's capital, the
statement shows.
Credit Agricole also doesn't intend to seek any changes to the
balance of representation on Eurazeo's board of supervisors, the
filing shows.
Credit Agricole is a bourse listed mutual bank and said in its
filing that neither it nor its affiliates are acting in concert
with other Eurazeo shareholders.
-By A.H. Mooradian, Dow Jones Newswires; +33 1 4017 1740;
art.mooradian@dowjones.com.
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