Banco Santander has entered into an agreement to sell its 30.5% stake in CACEIS to Crédit Agricole S.A. The transaction will enable Crédit Agricole S.A. to gain full control of CACEIS, a prominent entity in the depositary, custody, and related asset servicing business. This deal aligns with Santander’s strategy to proactively allocate capital and create shareholder…
PARIS, FRANCE: Crédit Agricole and Worldline have received the green light from the European Commission to establish a joint venture aimed at revolutionizing digital payment services for merchants across France. The partnership is set to position the new entity as a formidable force in the French payment services sector. The inaugural Board meeting, which took…
PARIS, FRANCE: Crédit Agricole S.A., the leading French bank, announced today that it has acquired a 7% minority stake in Worldline S.A., the European leader in the payment and transactional services industry. The investment is valued at approximately €1.4 billion, based on Worldline’s closing share price on Friday. The acquisition is part of a strategic…
PARIS, FRANCE: Indosuez Wealth Management, a subsidiary of the Crédit Agricole group, has announced an agreement with a view to acquiring a majority stake in Bank Degroof Petercam, a leading Belgian bank and investment house, and a long-term partnership with CLdN, one of its core shareholders. The deal, which is subject to relevant regulatory approvals,…
PARIS, FRANCE: Crédit Agricole Consumer Finance, a subsidiary of Crédit Agricole S.A. and a leading provider of consumer credit in Europe, has announced that it has completed the acquisition of car leasing businesses in six European countries from ALD and LeasePlan, in partnership with Stellantis, a global automaker formed by the merger of Fiat Chrysler…
PARIS, FRANCE: ENGIE and Crédit Agricole Assurances have reached an agreement to acquire a 97.33% stake of Eolia Renovables, one of the largest renewable power producers in Spain. The seller is Canadian institutional investment manager, Alberta Investment Management Corporation. The transaction covers the ownership and operation of 899 MW of operating assets (821 MW onshore…