Dexia mulls taking stake in French banking network.

Dexia, the Franco-Belgian municipal lender, said it could be linked to a major French banking network within one year, but declined to confirm speculation that it may be aiming for a stake in Credit Lyonnais. The company said it has no network in France and that all the existing ones are respectable. Potentially Dexia could link up with all types of networks, be it in the private or the public sector, it said. Dexia, following a number of acquisitions, expects to produce large excess capital every year, which could be used to invest in a French banking network.
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