Credit Foncier de France, the real estate financing arm of Paris-based Groupe Caisse d'Epargne, will make a EUR 150 mln offer for Hungary's Ella Bank, French daily La Tribune has reported, citing an unidentified source. Credit Foncier began talks with the lender a year ago, the newspaper said. It is understood that the property investment vehicle will launch its offer before February 8, 2007.
A 4-acre, freehold site at Kings Cross in the capital’s Knowledge Quarter is expected to attract international interest.
