Dexia Bank Belgium, a subsidiary of the Dexia group, which currently owns 33.33% (for a price equal to EUR 55.8 million) of Landbouwkrediet group, is selling its shares to a purpose-made holding company jointly owned by Caisse Régionale de Crédit Agricole du Nord-Est, Caisse Régionale de Crédit Agricole Nord de France and Crédit Agricole SA (France).
The disposal of this minority stake, being a non-strategic participation for Dexia Bank, matches with its current focus on the integration and merger with Artesia and the strategic development of its existing activities and own growth potential. This transaction is subject to the approval of the competent authorities of control.
Source: Dexia S.A.
