On 8 November, Crédit Agricole S.A. published its and the Group's results for the third quarter and first nine months of 2017. Jérôme Grivet, Deputy General Manager, Chief Financial Officer
decrypts for us.
Q3 & 9M-17: excellent performances
Indosuez Wealth Management, the global wealth management brand of Crédit Agricole Group, announces that its subsidiary CA Indosuez Wealth (Europe) has signed an agreement with GBH S.p.A., Exor S.A., Eurazeo S.A., Swilux S.A., and Torreal S.A., the main shareholders of Banca Leonardo, to acquire 67.67% of Banca Leonardo, a leading wealth manager in Italy. CA Indosuez Wealth (Europe) will offer the other shareholders of Banca Leonardo to purchase their shares at the same price and conditions, so that CA Indosuez Wealth (Europe) may ultimately own up to 100% of Banca Leonardo.
London, 30 October 2017 – Amundi Real Estate, Crédit Agricole Assurances and Primonial REIM announce the 100% acquisition of HOLD (Heart Of La Défense) the owner of the largest office complex in Europe, "Coeur Défense", from an affiliate of Lone Star Real Estate Fund III. This property complex, located at La Défense business district in Paris, has more than 159,000m2 of office space.
Bim issued with success its first bond under the Euro Private Placement format for EUR 85M.
Crédit Agricole S.A. announces that its subsidiary, Crédit Agricole Cariparma SpA, has signed an agreement with the section “Voluntary Scheme” of the Italian Interbank Deposit Protection Fund (the “Schema Volontario”), Cesena savings bank (Cassa di Risparmio di Cesena SpA), Rimini savings bank (Cassa di Risparmio di Rimini SpA) and San Miniato savings bank (Cassa di Risparmio di San Miniato SpA) to acquire more than 95% of the capital of these three banks.
Appointments within Crédit Agricole CIB’s coverage
Following the disclosure made on 12th September 2017, Crédit Agricole S.A. announces today the completion of the disposal by its subsidiary Crédit Agricole Corporate & Investment Bank S.A. (CACIB) of a 16.2% stake in Banque Saudi Fransi (BSF) to Kingdom Holding Company (KHC) in respect of which all regulatory approvals were obtained.
Today, Crédit Agricole S.A. announces that its subsidiary Crédit Agricole Corporate & Investment Bank S.A. (CACIB) has signed a legally binding agreement with Kingdom Holding Company (KHC), a Saudi diversified holding company which is listed on the Saudi Stock Exchange, whereby CACIB has agreed to sell a 16.2% equity stake in Banque Saudi Fransi (BSF), for a total consideration of approximately SAR 5.8bn (at a price of SAR 29.5 per share), which is approximately €1.3bn.
Olivier Bélorgey is appointed Finance Director of Crédit Agricole CIB, effective September 1st 2017. He reports to François Marion, deputy Chief Executive Officer, and becomes a member of Crédit Agricole CIB's executive committee.
Altarea Cogedim and Crédit Agricole Assurances, co-investors in the Pont d’Issy project, signed a lease with Orange for the installation of Orange's future headquarters in Issy-les-Moulineaux.
In the first half-year of 2017, Crédit Agricole Assurances posted revenues of €16.2 billion and keeps on diversifying its business.
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