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Crédit Agricole S.A. (CRARY)

Other OTC - Other OTC Delayed price. Currency in USD
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7.72-0.13 (-1.68%)
As of 03:32PM EST. Market open.
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  • Bloomberg

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  • Reuters

    Shares in Italian bank Carige fall after BPER picked for rescue deal

    Shares in Italian bank Carige fell more than 10% on Tuesday after domestic rival BPER Banca secured exclusive rights to discuss an acquisition of the ailing lender. FITD, the Italian banking fund that has owned Carige since a 2019 rescue, picked BPER on Monday over rival bids from Credit Agricole Italia and U.S. fund Cerberus, to negotiate a sale it hopes will end a seven-year crisis at the bank. Carige shares had gained more than a third since mid-December on news of interest from BPER and Credit Agricole Italia, and were trading well above BPER's buyout offer price of 0.80 euros.

  • Reuters

    Shares in Italy's Carige jump as bidders line up

    MILAN (Reuters) -Shares in Italian bank Carige rose 11% on Friday as its owner prepares to select a suitor for exclusive negotiations while a third potential buyer emerged. A deal would allow Italy to resolve a longstanding problem and the government has lined up some 400 million euros ($453 million) in tax incentives to ease Carige's sale. Italy's FITD depositor protection fund, which owns 80% of Carige following a 2019 industry-financed bailout, said after markets closed on Thursday its steering committee would conclude on Monday its review of non-binding offers for Carige.