Q2-18: highest net profit since IPO
With reference to the announcements on July 24 relating to the intention to acquire 350,748,473 shares of Credito Valtellinese S.p.A. (“CreVal” or the “Bank”), equal to 5.0% of the share capital of the Bank (the “Target Stake”), Crédit Agricole Assurances (“CAA”) announces today that it has completed the acquisition of the above-mentioned Target Stake.
CREDIT AGRICOLE ASSURANCES ANNOUNCES THE COMPLETION OF THE PURCHASE OF 104,500,000 ORDINARY SHARES OF CREDITO VALTELLINESE S.P.A. THROUGH A REVERSE ACCELERATED BOOK‐BUILDING ADDRESSED TO QUALIFIED INVESTORS AND INTERNATIONAL INSTITUTIONAL INVESTORS
Crédit Agricole Assurances (“CAA”) announces its intention to purchase an aggregate amount of up to no. 350,748,473 shares of Credito Valtellinese S.p.A. (“CreVal” or the “Bank”), equal to 5.0% of the share capital of the Bank (the “Target Stake”).
Crédit Agricole Assurances and CreVal have reached an agreement for the establishment of a long-term exclusive partnership in the life insurance business
As part of the transaction, Crédit Agricole Assurances will purchase a minority stake in CreVal of 5%
Crédit Agricole SA Group and CreVal will jointly assess other potential further areas of cooperation in Italy beyond life insurance business
Paris, Sondrio, 24 July 2018 – Crédit Agricole SA Group (“CASA Group”), Crédit Agricole Assurances SA (“CAA”) and Credito Valtellinese S.p.A. (“CreVal”) announced today that CAA and CreVal have reached an agreement for the establishment of a long-term exclusive partnership in the life insurance business. The partnership will grant CAA, via its Italian subsidiary Crédit Agricole Vita S.p.A. (“CA Vita”) access to CreVal’s distribution network for all savings products as well as certain protection products for up to 15 years.
Crédit Agricole CIB has appointed CACEIS as one of its main listed derivatives clearers
CACEIS is enhancing the solutions which underpin its fund distribution offer in North America, Latin America and Asia, by optimising order processing managed by the National Securities Clearing Corporation (NSCC) and Taiwan Depositary and Clearing Corporation (TDCC) platforms and expanding its connectivity offering to local investors and distributors.
Meeting on Wednesday, 11 July under the chairmanship of Philippe Brassac, the Board of Directors of Crédit Agricole CIB, the Corporate and Investment Bank of Crédit Agricole Group, accepted Jean-Yves Hocher’s request to retire at the end of the year.
In early July 2018, CACEIS began administering around 40 of ODDO BHF Asset Management LUX AG’s securities funds. The service mandate includes net asset value calculation, investment restriction compliance and reporting. In 2016, ODDO BHF mandated CACEIS to handle the depositary function for their securities funds and has taken this recent step to expand the scope of services.
Paris, July 5th, 2018 – Indosuez Wealth Management, the global wealth management brand of Crédit Agricole Group, has launched Azqore, the new brand for Crédit Agricole Private Banking Services (CA-PBS).
Jérôme Grivet, Deputy General Manager and Chief Financial Officer of Crédit Agricole S.A. answered the Börsen Zeitung.
Following a competitive process launched by EDF and Total, Crédit Agricole Assurances is announcing that it has agreed to acquire an interest equivalent to 15,19% for transparency in the capital of Dunkerque LNG, the company that holds the concession for the Dunkerque LNG terminal.
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