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.