Coface "not a strategic asset" says Natixis chief
French bank Natixis does not expect to put Coface up for sale but would consider reducing its stake in the credit insurer, chief executive Laurent Mignon reportedly told a shareholders meeting on Tuesday.
"Coface isn't for sale, but it's not a strategic asset. We could study a reduction in our stake," he is quoted as saying by Reuters.
Mignon declined to elaborate further, according to the newswire.
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