Crédit Agricole Leasing & Factoring (CAL&F), a subsidiary of Crédit Agricole S.A. Group, and GE Capital have agreed on the sale of 100% of Eurofactor UK - 9th on the factoring market in the UK - to GE Capital.

The sale is consistent with the Group projects of Crédit Agricole S.A and CAL&F aiming to develop customer - focused banking in Europe with the support of specialized services.

The sale demonstrates a centering which illustrates the focus growth approach of CAL&F internationally so as to strengthen its leadership positions in synergy with the rest of the Crédit Agricole Group.

About: Crédit Agricole Leasing & Factoring, financing solutions at the heart of the real economy:

Crédit Agricole Leasing & Factoring supports the development of all businesses and offers the leasing and factoring solutions best suited to their strategy, industry, size, and client type both in France and abroad. Key figures (end of 2010): present in 12 countries, 160,000 clients, 3,100 employees, €22.2B in outstanding (up to end of 2010).

Source: IFG