PARIS, July 28 French department store Galeries
Lafayette said on Monday it had sold its 50 percent holding in
LaSer, a consumer credit company, to the personal finance unit
of BNP Paribas, with which it co-owned the unit.
A source close to the deal said the two parties had been
discussing the sale of LaSer for two years and finally agreed on
a valuation for the whole company of around 280 million euros
Galeries Lafayette and BNP Paribas declined to give any
details of the deal.
($1 = 0.7440 Euros)
(Reporting by Pascale Denis; Editing by David Holmes)