Deals
Dexia Agrees on Terms for Sales of French and Belgian Units
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Dexia SA completed agreements to sell its Belgian banking unit and French municipal-lending division to state-owned companies, moving closer to a full breakup as part of plans to rescue the lender.
Dexia Bank Belgium will be sold for 4 billion euros ($5.5 billion) to the Societe Federale de Participations et d’Investissement, or SFPI, acting on behalf of the Belgian state, Dexia said today in an e-mailed statement. The company will sell the French municipal-lending unit to Caisse des Depots et Consignations and La Poste.