In a significant development aimed at tapping into China’s burgeoning electric vehicle (EV) market, Crédit Agricole Personal Finance & Mobility has announced plans to acquire a 50% stake in the financial leasing unit of Guangzhou Automobile Group (GAC). The deal will be executed through a reserved capital increase and positions Crédit Agricole as a crucial […]
Indigo Group, a global leader in parking and urban mobility solutions, has signed an agreement to acquire 100% of Parkia Spanish Holding SLU, a public car parking services in Spain, and its subsidiaries. Backed by shareholders Crédit Agricole Assurances, Vauban Infrastructure Partners, and MEAG, the group further strengthens its market position in Spain and Europe. By […]
French banking group Crédit Agricole said that it effectively divested the first tranche of 63.7% of the stake it has in Crédit du Maroc to Holmarcom, a Moroccan group. As per the agreement, Crédit Agricole will offload the second tranche of the remainder 15% to the Holmarcom group in a time period of 18 months. […]
CACEIS has entered into a memorandum of understanding with Royal Bank of Canada (RBC) to acquire the European asset servicing activities of RBC Investor Services and its associated Malaysian centre of excellence. The acquisition, expected to be completed by the end of the third quarter of 2023, would include custody, global custody FX, fund administration, […]
Spanish telecom firm Telefónica Group has agreed to divest a 45% stake in its fibre-to-the-home (FTTH) business in rural Spain for €1.02 billion to a French consortium of insurance firm Crédit Agricole Assurances (CAA) and asset management company Vauban Infrastructure Partners. The parties will subsequently create a new company called Bluevia Fibra for commercializing and […]
Wipro said that it has extended its agreement with Crédit Agricole CIB, the corporate and investment banking division of France-based Crédit Agricole Group, to drive the latter’s next stage of growth. According to the Indian IT services provider, the engagement builds on the decade-long relationship it has with Crédit Agricole CIB. Pierre Dulon — Crédit […]
French banking group Societe Generale (SocGen) said that it has entered into an exclusive negotiation with Amundi for the sale of Lyxor for €825 million in cash. Amundi is a French asset management company majority-owned by Crédit Agricole, while Lyxor handles Societe Generale’s asset management activities. Lyxor operates mainly through Lyxor Asset Management, which is […]
Crédit Agricole Assurances, the insurance business of French banking giant Crédit Agricole, is acquiring the remaining 25% stake it previously did not own in GNB Seguros, a Portuguese non-life insurance company, from Novo Banco. The financial terms of the deal were not disclosed. The deal also includes a 22-year non-life insurance distribution agreement between Novo […]
Crédit Agricole Corporate & Investment Bank (Crédit Agricole CIB) has completed the sale of its remaining 4% stake in Banque Saudi Fransi (BSF) for SAR1.45 billion (€332m) to a couple of Saudi Arabian government-related institutional investors. The deal was closed after the French bank secured all the regulatory approvals. The two Saudi investors paid SAR30 […]