Crédit Agricole S.A.

ACA

FR0000045072

Banks

Real-time Euronext Paris Other stock markets 08:25:05 2025-01-23 am EST			5-day change	1st Jan Change
14.15 ^EUR	+0.60%		+1.61%	+6.55%

Jan. 20	Crédit Agricole: an energy transition fund	CF
Jan. 17	Crédit Agricole: acquisition of 100% of the capital of Sline	CF

First negotiation between UniCredit and Crédit Agricole fails

December 11, 2024 at 12:42 am EST

(Alliance News) - Deputy Prime Minister Matteo Salvini, when asked about Crédit Agricole SA's rise to 15 percent of Banco BPM Spa, reiterated his preference for a greater presence of Italian banks on the ground and as few branch closures and layoffs as possible but left the matter in the hands of Minister Giorgetti.

As La Repubblica reported Wednesday, this neutrality toward the French, in contrast to the opposition to the OPS launched by UniCredit Spa on Banco BPM, raises doubts in the financial community, which sees the UniCredit-BPM merger as a market transaction, while the BPM-MPS integration appears more political.

Andrea Orcel, CEO of UniCredit, reportedly had opportunities in the past to launch a takeover bid on BPM but gave up due to price issues. Only after the government's move to armor MPS with BPM did he begin negotiations with Crédit Agricole, then at 10 percent. However, the first attempt at dialogue failed, with Orcel rejecting the French's proposals.

On December 6, Crédit Agricole announced its increase to 15.1 percent of BPM, seeking permission to rise to 19.99 percent without aiming for control. The government gave the go-ahead, however, probing interest in a merger between BPM and MPS.

Meanwhile, Orcel is attempting to reopen talks with Crédit Agricole, which is now adopting a more cautious attitude. Possible developments could include the extension of Amundi's contract on UniCredit or the purchase of branches in the event of a BPM-UniCredit merger, consolidating Crédit Agricole's position as the third banking hub in Italy.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
UNICREDIT S.P.A.	42.98EUR	+1.25%	+2.53%	68.09B
CRÉDIT AGRICOLE S.A.	14.15EUR	+0.60%	+1.61%	44.54B
BANCO BPM S.P.A.	8.172EUR	-0.70%	-0.54%	12.87B
BANCA MONTE DEI PASCHI DI SIENA S.P.A.	6.938EUR	+0.78%	-2.01%	9.03B

Latest news about Crédit Agricole S.A.

Crédit Agricole: an energy transition fund	Jan. 20	CF
Crédit Agricole: acquisition of 100% of the capital of Sline	Jan. 17	CF
Livret A rate lowered to 2.4% on February 1	Jan. 15	RE
Banque de France proposes lowering Livret A rate to 2.4%.	Jan. 15	RE
Wall Street on the rise ahead of several indicators	Jan. 14	RE
UniCredit CEO sees Credit Agricole's decision on Amundi deal by May, paper says	Jan. 14	RE
BPM also attempts a raise on Anima to curb UniCredit	Jan. 14	AN
Crédit Agricole: cancels 15 million treasury shares	Jan. 13	CF
Inflows at Italian asset managers up 64% y/y in 2024 to 40 billion euros	Jan. 10	RE
Portugal Sells 4 Billion Euros in New June 2035 Government Bond	Jan. 09	DJ
What China Can Do To Tackle Deflationary Pressures	Jan. 09	MT
Another 3 percent of BPM close to being acquired by the French	Jan. 08	AN
UniCredit's terms on offer for BPM, even without Anima	Jan. 07	AN
Piper Sandler Hires Three Key Infrastructure Investment Bankers	Jan. 06	CI
Crédit Agricole Withdraws EUR1 Million from Liquidity Deal Funds	Dec. 31	MT
CAC40: closes at day's high, weekly loss of 0.4%.	Dec. 27	CF
CAC40: stagnates around 7320 pts in limited volumes	Dec. 27	CF
RBC Raises Credit Agricole PT, Keeps Sector Perform Rating	Dec. 24	MT
Credit Agricole Exits Brazilian Real	Dec. 20	MT
Crédit Agricole SA acquires 100% of its custody subsidiary Caceis	Dec. 20	RE
Santander to Sell Stake in Credit Agricole's Caceis Back to French Bank -- Update	Dec. 20	DJ
Crédit Agricole acquires the remainder of the Caceis asset and custody joint venture from Santander	Dec. 20	RE
Credit Agricole buys remainder of Caceis custody and asset JV from Santander	Dec. 20	RE
Crédit Agricole: will hold 100% of CACEIS capital	Dec. 20	CF
Santander to Sell Stake in Credit Agricole's Caceis Back to French Bank	Dec. 20	DJ

Chart Crédit Agricole S.A.

Duration

Period

ACA: Dynamic Chart

Company Profile

Crédit Agricole S.A. is one of the leading European banking groups and is the leading financial backer of the French economy. Net Banking Product breaks down by activity as follows: - retail banking (30.1%): activities in France (Crédit Lyonnais) and abroad. Furthermore, the group is present in France via its 39 regional networks of branches (making it the biggest French banking network); - finance, investment and market banking (30.1%): standard and specialized bank financing activities (financing for acquisitions, projects, aeronautical and maritime assets, etc.), stock operations, consulting in mergers and acquisitions, investment capital, etc.; - asset management, insurance and private banking (25.9%); - specialized financial services (13.9%): consumer loan, leasing and factoring (No. 1 in France). At the end of 2023, Crédit Agricole S.A. managed EUR 835 billion in current deposits and EUR 516.3 billion in current credits. NBP is distributed geographically as follows: France (46%), Italy (20%), European Union (14.3%), Europe (7.2%), North America (6%), Japan (1.3%), Asia and Oceania (3 .5%), Africa and Middle East (1.3%), Central America and South America (0.4%).

Employees

78,823

Sector

Banks

Calendar

2025-02-04 - Q4 2024 Earnings Release

More about the company