Mutuel

French food-retailing giant Carrefour SA said Tuesday it has sold 97 supermarket sites to an investment company controlled by French banking group Crédit Mutuel for €365 million $477 million but will continue to operate them through 12-year leases under its Carrefour Markets banner.

Carrefour to Sell, Lease-Back 97 Stores 2011

Carrefour said Tuesday that it has multiple renewal options for the 97 supermarkets it has sold to La Francaise AM, a investment fund majority-owned by Crédit Mutuel Nord.

Carrefour to Sell, Lease-Back 97 Stores 2011

As part of the deal, Credit Mutuel will also take a 5% stake in Banco Popular, a transaction that could take place before the end of the year, Mr. Gonzalez Robatto said.

High-Yield Deposits Hit Banco Popular Profits Christopher Bjork 2010

Belgian Consumer Unit BRUSSELS— Citigroup is selling its Belgian retail operations to French lender Credit Mutuel Nord Europe for an undisclosed price, the two firms said Wednesday.

Financial Briefing Book: Dec. 29 2011

Here's the details of the downgrades:Banque Federative du Credit Mutuel: cut one notch to A+ from AA-;Credit Agricole: cut one notch to A+ from AA-;Danske Bank: cut one notch to A from A+;OP Pohjola Group: cut one notch to A+ from AA-;Rabobank Group: cut one notch to AA from AA+.

Eurozone crisis live: Merkel offers UK olive branch as euro slides again - 14 December 2011 2011

In the third quarter, Popular included a capital gain of € 367 million from the sale of 123 branches to a banking platform that has been set up by Popular together with French bank Credit Mutuel.

High-Yield Deposits Hit Banco Popular Profits Christopher Bjork 2010

S&P also lowered the stand-alone credit profiles of four other French banks: Crédit Agricole SA and Société Générale SA, as well as the unlisted Groupe BPCE and Banque Féderative du Crédit Mutuel.

BNP Paribas Shares Slip After Downgrade Inti Landauro 2011

Banque Federative Credit Mutuel – € 750 million, unsecured lower tier 2, bond issue was priced with the following terms, lead managers Barclays PLC, BNP Paribas SA and UBS AG said Wednesday: Maturity: Oct. 22, 2010; coupon: 4%; reoffer: 99.862; spread: 145 basis points more than midswaps; Debt ratings: A1 (Moody's), single-A (S & P) and A+ (Fitch-expected); denominations: € 50,000; listing: Paris.

New Securities Issues 2010

Banco Popular is folding the branches into the new vehicle and will provide technology for it, while Credit Mutuel will invest € 312 million in the joint venture in exchange for a 50% stake.

High-Yield Deposits Hit Banco Popular Profits Christopher Bjork 2010

BRUSSELS— U.S. banking giant Citigroup is selling its Belgian retail operations to French lender Credit Mutuel Nord Europe for an undisclosed price, the two firms said Wednesday.

Citigroup Sells Belgian Consumer Unit Laurence Norman 2011