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Credit Agricole sold remaining stake in Intesa Sanpaolo in 2012
MILAN |
MILAN Feb 20 (Reuters) - French bank Credit Agricole sold its remaining stake in Italy's Intesa Sanpaolo in the second half of 2012, it said in a presentation of its 2012 accounts on Wednesday.
The bank said it booked a gain of 791 million euros ($1.06 billion).
Credit Agricole had reduced its stake from 4.99 percent to 1.93 percent in Intesa Sanpaolo as of August 24, the Italian stock market regulator said on August 30.
($1 = 0.7487 euros) (Reporting by Jennifer Clark)
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