Credit Foncier de France, the real estate financing arm of Paris-based Groupe Caisse d'Epargne, will make a EUR 150 mln offer for Hungary's Ella Bank, French daily La Tribune has reported, citing an unidentified source. Credit Foncier began talks with the lender a year ago, the newspaper said. It is understood that the property investment vehicle will launch its offer before February 8, 2007.
Credit Foncier de France, the real estate financing arm of Paris-based Groupe Caisse d'Epargne, will make a EUR 150 mln offer for Hungary's Ella Bank, French daily La Tribune has reported, citing an unidentified source. Credit Foncier began talks with the lender a year ago, the newspaper said. It is understood that the property investment vehicle will launch its offer before February 8, 2007.
