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French Connections: Credit Agricole Bank Acquires 7% Stake in Struggling Payment Processor Worldline!
Credit Agricole, one of France’s leading financial conglomerates, has announced a strategic acquisition of a 7% stake in the payment processing company Worldline. This move follows a significant decline in Worldline’s share value in 2023, and the acquisition is aimed at reinforcing the partnership between the two entities. Following the announcement, Worldline’s stock experienced a more than 5% increase.