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Credit Agricole Assurances Agrees to Buy Stake in EF Solare

By Mauro Orru

 

Credit Agricole SA said Friday that its subsidiary Credit Agricole Assurances reached an agreement with Italian infrastructure fund F2i SGR to acquire a stake in EF Solare.

The subsidiary of the French lender is acquiring a 30% stake in the photovoltaic energy operator, with F2i SGR retaining 70%.

Credit Agricole Assurances is acquiring the stake in association with its own subsidiary Credit Agricole Vita.

The value of the deal wasn't disclosed.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

January 08, 2021 12:35 ET (17:35 GMT)

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