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Agricole aims to raise $17B in selloffs, issues

  • Story Highlights
  • French bank Credit Agricole plans to sell $7.72 billion worth of assets
  • The traditional farm lender has also changed the head of its investment bank
  • It is also seeking $9.1 billion in new capital due to the global credit crisis
  • Agricole announced that the rights offer should take place before the summer
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