Crédit Agricole S.A. (ENXTPA:ACA) agreed to acquire 9.90% stake in CrelanCo C.V.B.A. on May 21, 2025. The Crelan Group and the Crédit Agricole Group have announced a new strategic partnership that will enable Crelan?s customers to benefit from a wider range of banking products and services. This agreement will allow Crelan to ramp up its commercial development and organic growth, and Crédit Agricole to ensure the development of its business lines in Belgium. The partnership, which entails the Crédit Agricole Group obtaining a minority stake of 9.9% in Crelan, includes commercial collaborations in the areas of asset management (with Amundi), private banking and wealth management (with Indosuez Wealth Management/Bank Degroof Petercam) and leasing (with CA Leasing & Factoring). Crelan and the Crédit Agricole Group also intend to establish other joint commercial initiatives in the near future.

The Crelan Group and Crédit Agricole plan to finalise the partnership agreement in the coming months, subject to final negotiations.