Credit Agricole Sells Private-Equity Unit to Coller Capital
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Credit Agricole SA, France’s second-largest bank by assets, agreed to sell its private-equity unit to Coller Capital for an undisclosed sum to boost capital.
The sale of Credit Agricole Private Equity will reduce the lender’s risk-weighted assets by about 900 million euros ($1.2 billion), the company said in a statement today. The shares rose as much as 4.4 percent and closed up 0.07 percent to 4.04 euros in Paris trading.