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Caisse d'Epargne confirms Lazard talks

Caisse d'Epargne, the French savings bank, has confirmed it is in talks to acquire a stake in Lazard following the investment bank's flotation on the New York Stock Exchange.

Caisse d'Epargne did not give details of the size of the stake, but it is thought to be prepared to invest around €200m ($262m) for a 7% or 8% stake in Lazard.

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