Crédit Agricole sells last of its stake in Banque Saudi Fransi

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By Sam Kerr
28 Sep 2020

Crédit Agricole has sold a 4% share stake in Banque Saudi Fransi (BSF) to two unnamed investors for around €330m, ending an association which dates back to 1977.

The French bank said it sold the stake to two “government related institutional investors” at Sr30 a share. The total amount raised was Sr1.45bn (€330m).  

The sale represents the last of Crédit Agricole’s shares in BSF, finalising a disposal process that has taken a number of ...

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