CREDIT AGRICOLE SA : Crédit Agricole announces its acquisition of Natixis' 15% stake in CACEIS, its investor services divisi...
26 Dicembre 2017 - 8:30AM
Montrouge, 26 December 2017 |
Crédit Agricole
announces its acquisition of Natixis' 15% stake in CACEIS, its
investor services division, bringing its ownership of CACEIS to
100%
Crédit Agricole S.A. has finalised
its acquisition of Natixis' 15% stake in CACEIS. As a result, it
now controls 100% of the share capital of CACEIS.
With approximately 2.6 trillion
euros in assets under custody, 1.7 trillion euros in assets under
administration and a presence in nine European countries, CACEIS is
one of the industry's leading players in Europe.
Backed by strong momentum on the
equity markets, CACEIS, which is already showing strong
growth, is attracting new customers as it expands its product
range. This acquisition will reinforce the benefits of integrating
CACEIS into Crédit Agricole S.A. group's Large Customers business
line. The anticipated gradual normalisation of the interest rate
environment should support this subsidiary's activity in the coming
years.
In parallel with this transaction,
CACEIS consolidates its position as top-tier partner of both BPCE
Group and Crédit Agricole Group, France's two leading players in
insurance and asset management, by expanding its partnership in
financial services with BPCE Group in France and Luxembourg..
This transaction will be accretive
to the earnings of Crédit Agricole Group and Crédit Agricole S.A.
as of 2018. It will have a negative impact of approximately -10
basis points on the fully-loaded CET1 ratio of Crédit Agricole S.A.
and of around -5 basis points on that of Crédit Agricole Group.
CRÉDIT
AGRICOLE PRESS CONTACTS
Charlotte de
Chavagnac + 33 1 57
72 11
17
charlotte.dechavagnac@credit-agricole-sa.fr
Olivier
Tassain
+ 33 1 43 23 25
41
olivier.tassain@credit-agricole-sa.fr
Alexandre
Barat
+ 33 1 43 23 07
31
alexandre.barat@credit-agricole-sa.fr
Find our press releases on:
www.credit-agricole.com
CP CASA CACEIS ENG 26
1217
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: CREDIT AGRICOLE SA via Globenewswire
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