By Ed Frankl
Credit Agricole SA said late Thursday that it is in discussions with Moroccan company Holmarcom about a possible sale of the bank's subsidiary Credit du Maroc, confirming what it called "market rumors."
The discussions are at a preliminary stage with no certainty as to the completion of a sale, the Paris-based bank said.
Credit Agricole added that it would communicate in due course if the transaction materializes, but wouldn't comment further in the meantime.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
10-01-21 0122ET