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  • 2007/08/31
  • 3 min
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Crédit Agricole S.A. to tender its shares to Nova Scotia's offer for Banco del Desarrollo

 

Canadian group Nova Scotia has announced the launch of a public offer to acquire 100% of Chilean bank Banco del Desarrollo, of which Crédit Agricole S.A. owns 23.7%.

 

Crédit Agricole S.A., which has supported the development of Banco del Desarrollo since 1986, notes this announcement and confirms that it will tender its shares to the offer, unless a more favourable counteroffer is made by another buyer.

 

 

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