Monday, October 16, 2006
Credit Agricole chairman eyes UK banks despite high prices
Credit Agricole chairman eyes UK banks despite high prices
Story Credit Agricole is looking for a British bank to acquire, according to chairman Rene Carron, who mentioned the information in a Sunday Times interview. Carron acknowledged that UK banks are costly to acquire but said he would continue to seek one regardless.
The EUR 53bn French banking group previously considered UK-listed Alliance & Leicester but decided against making an offer as its returns were not sufficiently high, Carron said.
Source Sunday Times
Story Credit Agricole is looking for a British bank to acquire, according to chairman Rene Carron, who mentioned the information in a Sunday Times interview. Carron acknowledged that UK banks are costly to acquire but said he would continue to seek one regardless.
The EUR 53bn French banking group previously considered UK-listed Alliance & Leicester but decided against making an offer as its returns were not sufficiently high, Carron said.
Source Sunday Times
