Doubts are growing over Credit Agricole's (CAGR.PA) planned Asian tie-up with China's Citic (600030.SS) and the French bank may sell its brokerage brands should those talks fail, a newspaper report and a banking source said on Thursday. Although France's third-biggest listed bank has downplayed concerns over progress in the talks, the banking source said a deal may not happen, and that potential bidders were being lined up for Cheuvreux and Hong-Kong-based unit CLSA. "The discussions between the parties are difficult," the source said. "I have doubts, to be honest."
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