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

October 01, 2021 01:22 ET (05:22 GMT)

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