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    ACA   FR0000045072

CRÉDIT AGRICOLE S.A.

(ACA)
  Report
Real-time Euronext Paris  -  11:35:27 2023-02-07 am EST
11.14 EUR   +0.87%
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France's Credit Agricole sells first chunk of its majority stake in Credit du Maroc

12/07/2022 | 02:34am EST
FILE PHOTO: The branch of Credit Agricole bank is seen in Warsaw

PARIS (Reuters) - France's Credit Agricole sold the first tranche of its majority stake in Credit du Maroc, the bank said on Wednesday, as part of a deal to transfer the unit to Morocco's Holmarcom group.

"This transaction occurred after having obtained the required regulatory approvals in line with the schedule announced in April 2022," the company said.

Crédit Agricole, in a first step, sold a 63.7% stake of the local bank to Holmarcom and it will sell a second tranche with a remaining 15% stake in 18 months, added the French bank.

(Reporting by Tassilo Hummel, Editing by Louise Heavens)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CRÉDIT AGRICOLE S.A. 0.87% 11.142 Real-time Quote.12.36%
CRÉDIT DU MAROC S.A. 3.98% 571.9 End-of-day quote.-4.68%
All news about CRÉDIT AGRICOLE S.A.
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Financials
Sales 2022 23 446 M 25 076 M 25 076 M
Net income 2022 4 720 M 5 049 M 5 049 M
Net Debt 2022 - - -
P/E ratio 2022 7,32x
Yield 2022 8,51%
Capitalization 33 694 M 36 036 M 36 036 M
Capi. / Sales 2022 1,44x
Capi. / Sales 2023 1,42x
Nbr of Employees 75 975
Free-Float 37,4%
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Technical analysis trends CRÉDIT AGRICOLE S.A.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 20
Last Close Price 11,14 €
Average target price 11,44 €
Spread / Average Target 2,72%
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Managers and Directors
Philippe Brassac Chief Executive Officer
Jérôme Grivet Chief Strategy Officer
Dominique Lefèbvre Chairman
Jean-Paul Mazoyer Head-Technology
Stéphane Priami Deputy General Manager
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