Bankinter sale raises €115m for Crédit Agricole
Crédit Agricole raised €115.7m through a sale of shares in Bankinter, the Spanish lender, through an accelerated bookbuild that was mandated through an auction on Thursday evening.
Crédit Agricole will have a 9.9% stake in Bankinter after the deal, which will be subject to a 180 day lock-up.
Its commitment to the lock-up helped stimulate demand as investors knew that the sale would be the last major liquidity event. The French bank has been selling
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