CREDIT COMMERCIAL DE FRANCE SPLITS SHARES
French commercial bank Credit Commercial
de France has split each of its shares into four to increase
the number of shares on offer when it is privatised at the end
of this month, a company official said.
    He told Reuters a general assembly had passed a proposal
splitting 10.33 mln shares of 100 francs nominal into around
41.32 mln shares of 25 francs nominal.
    Market sources have put the total value of CCF's selloff at
between four and five billion francs. The bank said the share
sale price was likely to be announced on April 24, before the
launch of a public flotation offer on April 27.
 REUTER
