By Mauro Orru
Credit Agricole SA said Monday that it has signed an agreement to sell its Romanian subsidiary Credit Agricole Bank Romania SA to Romanian bank Vista Bank Romania SA.
The French bank didn't disclose financial details, but said the transaction wouldn't have a "significant impact" on its solvency ratios.
The deal is expected to be completed in the first half of 2021, subject to clearance from the National Bank of Romania and the Romanian Competition Council, Credit Agricole said.
Write to Mauro Orru at firstname.lastname@example.org; @MauroOrru94
(END) Dow Jones Newswires
January 04, 2021 12:09 ET (17:09 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.