DexMA’s recovery is closer after split with Credit Local

Dexia Group will fully dispose of its French municipal financing entity, Dexia Municipal Agency (DexMA), it revealed on Thursday, when releasing third-quarter earnings. In outlining its new structure, it clarified that Dexia Crédit Local (DCL), belonging to the Brussels based Dexia SA Grioup, would no longer be a shareholder of DexMA.