France May Nationalize Mortgage Lender CCCIF, Sunday Times Says

France may nationalize Caisse Centrale Credit Immobilier de France, one of its largest mortgage lenders, the Sunday Times reported, citing unidentified people with knowledge of the matter.

A purchase of CCCIF by a competitor may be another option and HSBC Holdings Plc has been asked to find a buyer, the newspaper said.

Calls by Bloomberg News to the offices of CCCIF and its parent company CIFD today went unanswered.

Maria Ermakova in London at +44-20-3216-4757 or mermakova@bloomberg.net