Credit Agricole SA is holding talks with brokers as it considers exiting the unprofitable trading and research activities of its CA Cheuvreux unit, according to three people familiar with the plans.
Credit Agricole, France’s third-biggest bank, is in talks with firms including Kepler Capital Markets SA, Viel & Cie and Jefferies Group Inc., said one person, who declined to be identified because the discussions are private. An agreement may be reached for the equity broking activities as soon as mid-July, two of the people said.
