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Credit Agricole SA's Credit Agricole CIB Announces Acquisition by CITIC Securities Co Ltd of Remaining 80.1% Stake in CLSA


Sunday, 4 Nov 2012 07:00pm EST 

Credit Agricole SA announced the execution of a sale and purchase agreement in relation to the acquisition by CITIC Securities Co Ltd's wholly-owned subsidiary CITIC Securities International Company Limited (CITICS International) of the remaining 80.1% stake in CLSA from Credit Agricole CIB for a cash consideration of USD 941.68 million upon completion. Upon completion of the current transaction, CLSA will become a wholly-owned subsidiary of CITICS International. 

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