www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Companies

Citic to buy Credit Agricole brokerage stakes

(Agencies)
Updated: 2011-06-10 16:47
Large Medium Small

Citic Securities Co, China's largest brokerage by market value, plans to acquire 19.9 percent of Credit Agricole SA (ACA)'s brokerage units, CLSA and Credit Agricole Cheuvreux, for $374 million, Bloomberg reported on Friday.

Citic and the investment-banking unit of Credit Agricole, France's third-largest lender by market value, plan to create a brokerage partnership and may seek to cooperate in other areas, the companies said in an e-mailed statement on Friday.

Related readings:
Citic to buy Credit Agricole brokerage stakes Citic to offload stake in CAMC
Citic to buy Credit Agricole brokerage stakes Citic to acquire Sydney gold firm
Citic to buy Credit Agricole brokerage stakes CITIC to raise $322m in rights share issue
Citic to buy Credit Agricole brokerage stakes CITIC Bank to cut new property loans by a third

The accord with Beijing-based Citic, which is preparing for a $2.2 billion sale of shares in Hong Kong, stops short of their original plan to create an investment-banking joint venture in Asia. Credit Agricole, based in Paris, and Citic began talks in May 2010, and in December agreed to extend the talks by six months to June 30.

"It's a minimum agreement," said Pierre Flabbee, a Paris-based analyst at Kepler Capital Markets who has a "buy" rating on Credit Agricole's shares. "At least this is going to allow developing the businesses, but it isn't as ambitious as what was envisioned."

Citic shares rose 0.5 percent to 12.54 yuan ($1.93)?at 10:28 am in Shanghai. They have declined 5.6 percent in the past year.

Credit Agricole and Citic had aimed to create "an equal partnership in global institutional brokerage, and Asia Pacific equity capital markets and investment banking," the French bank said in a Dec 20 statement. Credit Agricole had also planned that its corporate- and investment-banking activities would benefit globally from Citic's leadership in China, the statement said.

CA Cheuvreux, based in Paris, has a staff of 740 people at 15 offices from San Francisco to Tokyo, according to its website. CLSA, based in Hong Kong, was founded in 1986 and has more than 1,500 employees at 20 locations in 13 countries, according to information on its website.

Credit Agricole welcomes Citic "as an investor and partner of our project to create an integrated global equity brokerage platform spanning Europe, Asia and the US," Chief Executive Officer Jean-Paul Chifflet said in the statement.

 

分享按鈕
主站蜘蛛池模板: 欧美做a欧美 | 中国一级毛片aaa片 中国一级毛片录像 | 日韩欧美中文字幕一区二区三区 | 久久99精品综合国产首页 | 日韩在线视频免费不卡一区 | 在线欧美成人 | 国产高清免费观看 | 日韩午夜片 | 久久国产夜色精品噜噜亚洲a | 成年人视频网站免费 | 美国的毛片免费的 | 久久a级片 | 91热久久免费频精品黑人99 | 久久精品国产精品亚洲综合 | 国产高清精品一级毛片 | 手机精品在线 | 亚洲一区高清 | 亚洲福利视频一区二区三区 | 国产精品亚洲四区在线观看 | 日本在线免费播放 | 日韩国产成人精品视频人 | 偷拍精品视频一区二区三区 | 国产精品免费久久久免费 | 国产成人一区免费观看 | 87精品福利视频在线观看 | 国产91综合| 日韩精品免费一区二区 | 黄色三级国产 | 国产亚洲综合久久 | 美国一级片免费 | 性久久久久久久久久 | 成人免费一区二区三区在线观看 | 免费观看毛片的网站 | 成人丁香乱小说 | 欧美成人性毛片免费版 | 欧美aaa级 | 国产短裙黑色丝袜在线观看下 | 日本特黄特色高清免费视频 | 久草视频手机在线观看 | 久久久精品国产 | 午夜影院亚洲 |