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NEWS: France’s Credit Agricole buys 7% stake in payments firm Worldline

A Credit Agricole logo is reflected in a window of a bank office in Nantes, France, May 10, 2023. REUTERS/Stephane Mahe/ File Photo

By Tassilo Hummel

French bank Credit Agricole said on Monday it had bought 7% of Worldline, in a bid to bolster the payments group after a slump in its share price last year.

Worldline’s shares jumped more than 5% after the announcement, which follows reports in December that Credit Agricole was exploring building a stake in the company.

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