Caisse des Depots et Consignations and La Banque Postale will pay 250 million euros to take over loans from Dexia SA (DEXB)’s French municipal lending unit, Les Echos reported on its website, without citing anyone.
CDC will control 65 percent of the new vehicle which will hold the loans, Dexia 30 percent and La Banque Postale 5 percent, according to the newspaper. Dexia’s stake in the vehicle is likely to diminish in the future, Les Echos added.
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