 Egg failed to replicate its UK success in France |
Internet bank Egg is in talks to sell the majority of its failed French venture, the UK-based company has said. Banque Accord has shown an interest in buying the credit card and loans unit of Le Carte Egg, which has struggled since its launch in 2002.
A sale could see 100 of the 450-strong workforce being redeployed.
In August, insurance giant Prudential axed plans to sell its 79% stake in Egg. Some analysts saw the French unit as a hurdle to finding a buyer.
The closure of the French division is expected to cost Egg about 170m euros (�117m, $202m).
Egg's French business racked up losses of �32m in the six months to June this year.
One-Minute World News 
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