By Helena Smolak
Credit Agricole said it acquired a 7% minority interest in joint-venture partner Worldline in a move aimed at bolstering the French payments company’s position as a key European payment services provider.
The French lender said Monday that the transaction is expected to have an impact of less than 10 basis points on its common equity Tier 1 ratio, a key metric to measure a bank’s capital against its assets.
The move builds on a partnership agreement announced in July, Credit Agricole said.
Write to Helena Smolak at helena.smolak@wsj.com
