February 20, 2013 / 9:17 AM / 5 years ago

Credit Agricole sold remaining stake in Intesa Sanpaolo in 2012

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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