Calyon and CAAM line up for acquisitions

Calyon, the investment banking arm of France's Crédit Agricole, and Crédit Agricole Asset Management, are to get part of a €5bn ($6bn) war chest to target overseas acquisitions.

Georges Pauget, Crédit Agricole chief executive officer, announced today that the group would invest €5bn in acquisitions, mainly in Europe, over the next two years.

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