Credit Lyonnais Asia not for sale

Credit Lyonnais Securities Asia (CLSA) is not one of the assets that troubled French bank Credit Lyonnais must sell under a bailout agreement with the European Commission, CLSA chief Gary Coull said yesterday. 'A number of people have assumed that a Credit Lyonnais asset sale in Asia must include CLSA,' Mr Coull said. 'This is not the case and we are now moving forward with our emerging-market expansion plans in the context of the Credit Lyonnais group.'