By Helena Smolak

Credit Agricole said it acquired a 7% minority interest in joint-venture partner Worldline in a move aimed at bolstering the French payments company's position as a key European payment services provider.

The French lender said Monday that the transaction is expected to have an impact of less than 10 basis points on its common equity Tier 1 ratio, a key metric to measure a bank's capital against its assets.

The move builds on a partnership agreement announced in July, Credit Agricole said.

Write to Helena Smolak at helena.smolak@wsj.com

(END) Dow Jones Newswires

January 22, 2024 01:37 ET (06:37 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.
Worldline (EU:WLN)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024 Worldline 차트를 더 보려면 여기를 클릭.
Worldline (EU:WLN)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024 Worldline 차트를 더 보려면 여기를 클릭.