CMNECrédit Mutuel Nord Europe (French)
CMNEConservatoire de Musique Neuchâtelois (French: Neuchatel Conservatory of Music; Neuchatel, Switzerland)
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CMIC plans to invest RMB200 billion in approximately 20 GW of projects through CMNE over the next five years, turning CMNE into a leading investor and operator of renewable energy in China.
Citi (NYSE: C) has said that it has signed an agreement with Credit Mutuel Nord Europe (CMNE), under which CMNE will acquire Citi's Belgian consumer franchise, Citibank Belgium SA, according to an online report by the Banking Times.
He added : "Leveraging on advantageous resources of our shareholder CMNE and our solid cooperation with other industry leaders, we are taking prudent steps towards the goal of building the most efficient and professional platform for operating solar power plants in PRC China .