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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Credit Agricole SA | EU:ACA | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.16 | 1.10% | 14.77 | 14.75 | 14.78 | 15.23 | 14.76 | 14.89 | 8,129,082 | 16:40:00 |
From May 2022 to May 2024
By Pierre Bertrand
Credit Agricole SA said late Wednesday that it intends to increase its ownership of its Egyptian subsidiary.
The French bank will add a stake of around 4.8% in Credit Agricole Egypt in a deal that it said reflected its confidence in the development and performance of the business.
The acquisition will have no impact on the CET1 ratio--a measure of a bank's resilience--of Credit Agricole, it said..
Credit Agricole currently owns around 60% of Credit Agricole Egypt.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
September 08, 2022 01:36 ET (05:36 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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