Coface: Sino Guarantee interested.
(CercleFinance.com) - Coface shares are jumping 6.
2% at the start of trading today, with Sino Guarantee having announced its interest in Coface to Natixis (in which the French bank holds 41.2% of the capital), according to Aurel BGC, which quotes Les Echos.
Analysts report that the Chinese credit insurance company would like to expand internationally, while the sector in China fears an increase in default rates in the coming years.
Aurel BGC states that Sino Guarantee appears to have a seductive argument: French companies could accelerate their development in China thanks to the company's local positions.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
2% at the start of trading today, with Sino Guarantee having announced its interest in Coface to Natixis (in which the French bank holds 41.2% of the capital), according to Aurel BGC, which quotes Les Echos.
Analysts report that the Chinese credit insurance company would like to expand internationally, while the sector in China fears an increase in default rates in the coming years.
Aurel BGC states that Sino Guarantee appears to have a seductive argument: French companies could accelerate their development in China thanks to the company's local positions.
Copyright (c) 2017 CercleFinance.com. All rights reserved.