Credit Agricole sells US unit in Europe refocus

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FRANCE/US - Crédit Agricole is to sell its US alternative asset subsidiary LibertyView Capital Management to Neuberger Berman in a bid to focus its efforts on the European securities market.

Around US$1bn assets under management will be transferred to Neuberger Berman, also a US-based asset manager. The deal is expected to close by year-end. Terms remained undisclosed. Crédit Agr...

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