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Credit Mutuel increases Galeries Lafayette stake to 13.93% (Le Credit mutuel monte aux Galeries Lafayette).
(From Le Figaro)
Banque federative du Credit mutuel and Banque du Luxembourg, both of which are subsidiaries of French banking group Credit Mutuel, have acquired a 13.93 per cent stake in Galeries Lafayette, the French retail group. The founding families still own 61 per cent of the retail group.
The management of the banking group has indicated the …
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