Crédit Agricole to buy 50% stake in GAC’s leasing unit for almost $300m

Crédit Agricole to buy 50% stake in GAC’s leasing unit for almost $300m

Photo by Bernd Dittrich on Unsplash

CA Personal Finance & Mobility, the consumer finance and mobility provider under French bank Crédit Agricole Group, is acquiring a 50% stake in the leasing unit of Chinese state-owned automobile maker GAC Group for 2.1325 billion yuan ($299.8 million) via reserved capital increase. 

Edited by: Joymitra Rai