Dexia is selling its holding in Créatis to Cofidis, a subsidiary from Groupe 3 Suisses International.
In France, Créatis is one of the specialists in structured loans to
private individuals through a network of business contributors. Dexia
holds 25% in the capital of Créatis while Crédit Municipal de Lille is
the majority shareholder (75%).
The activity of Créatis does not fit in the present strategy of the Dexia Group.
f 9 branches in the Nord / Pas de Calais / Picardie region. As
of 31 December 2004, Créatis recorded a profit of EUR 3.6 million and a
balance sheet total of EUR 442 million.
The operation is subject to approval being granted by the appropriate authorities.