The French lender did not reveal the financial terms of the transaction; although, it said that the transaction is expected to conclude during June 2015, as reported by Reuters.
The news agency further said that initially this year the transaction was valued at 350m – 400m ($483m-$552m).
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Remaining 50% stake of Crelan is held by a Belgian consortium, comprising agricultural cooperatives.
Managing Europabank, Crelan Insurance and Keytrade Bank in Belgium, Crelan serves approximately 1.2 million customers, operates more than 900 branches, and has almost 19bn in deposits.
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