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Crédit Agricole: to take stake in GAC Leasing
(CercleFinance.com) - Crédit Agricole has announced plans for CA Personal Finance & Mobility to acquire a 50% stake in GAC Leasing, the leasing company of Chinese carmaker Guangzhou Automobile Group, via a reserved capital increase.
With this new joint venture, CA Personal Finance & Mobility will be offering financial and operational leasing solutions on the Chinese market by 2025, thereby promoting the deployment of electric vehicles in China. This operation, which will have a 'very limited' impact on the CET1 ratio, will consolidate a partnership existing since 2009 between CA Personal Finance & Mobility and the GAC group with the creation of GAC-Sofinco AFC, a 50/50 joint venture. Copyright (c) 2024 CercleFinance.com. All rights reserved. |
31/10/2024 18:08
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