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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.25 | 3.61% | 7.17 | 7.01 | 7.27 | 7.18 | 7.08 | 7.13 | 73,575 | 18:00:18 |
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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