Credit Agricole says completed Emporiki sale
PARIS (Reuters) - Credit Agricole (CAGR.PA), France's No. 3 bank, on Friday said it completed the sale of Greek bank Emporiki to Alpha Bank and said the disposal would have a "slightly positive" impact on its 2012 fourth-quarter results.
Like other banks, Credit Agricole has been selling assets and streamlining its business to meet stricter regulations after the 2008 financial crisis. Last November, it took a 1.96 billion euro writedown on the sale of Emporiki bank.
(Reporting by Astrid Wendlandt; Editing by Gerald E. McCormick)
- Tweet this
- Share this
- Digg this
LONDON - PSA Peugeot Citroen's board has approved a plan for an alliance with Dongfeng in which the Chinese carmaker and the French state would buy large minority stakes at a 40 percent discount to Peugeot's current share price, a source familiar with the matter said.
FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.