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Banco Popolare Sc Reaches Agreement with Credit Agricole SA on Agos Ducato

Wednesday, 8 May 2013 03:15am EDT 

Banco Popolare Sc announced that on May 7, 2013 Banco Popolare reached an agreement with the partner Credit Agricole SA aimed at turning back to profitability the joint venture Agos Ducato, which saw the definition of aspects pertaining to the capital position, the financial profile and the commercial development of the partnership. During the evening of the same day, Agos Ducato, which is owned 61% by Credit Agricole and 39% by Banco Popolare, also held a Board Meeting to approve the new business plan, the impairment of goodwill as well as the FY 2012 financial statements. Further information with analytical details on these aspects will be provided at a later date. 

Company Quote

18 Dec 2014