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Magazine

Table: Chess Game


Key Credit Lyonnais shareholders are likely to move in

Shareholder and possible move:

CREDIT AGRICOLE

-- Raise its 10% stake to 30% in open market

-- Buy the French government's 10% share

-- Swap its investment bank for another shareholder's stake

ALLIANZ

-- Build up stake in preparation for a future bid

SOCIETE GENERALE

-- Ally with Allianz in a bid

-- Bid alone

Data: Schroder Salomon Smith Barney, analysts' reports, BusinessWeek


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