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CRARY Credit Agricole SA (PK)

6.68
0.14 (2.14%)
29 Nov 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Credit Agricole SA (PK) USOTC:CRARY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.14 2.14% 6.68 6.49 6.74 6.68 6.59 6.61 287,163 19:00:01

Credit Agricole Buys Minority Stake in Worldline

22/01/2024 6:52am

Dow Jones News


Credit Agricole (PK) (USOTC:CRARY)
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By Helena Smolak

 

Credit Agricole said it acquired a 7% minority interest in joint-venture partner Worldline in a move aimed at bolstering the French payments company's position as a key European payment services provider.

The French lender said Monday that the transaction is expected to have an impact of less than 10 basis points on its common equity Tier 1 ratio, a key metric to measure a bank's capital against its assets.

The move builds on a partnership agreement announced in July, Credit Agricole said.

 

Write to Helena Smolak at helena.smolak@wsj.com

 

(END) Dow Jones Newswires

January 22, 2024 01:37 ET (06:37 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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