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