Key Developments: Credit Agricole SA (CAGR.PA)

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Latest Key Developments (Source: Significant Developments)

Credit Agricole SA Group and Espirito Santo Financial Group SA announce completion of placement of rights of Banco Espirito Santo
Wednesday, 28 May 2014 03:07am EDT 

Banco Espirito Santo SA:Says Credit Agricole SA Group and Espirito Santo Financial Group SA (directly and through Espirito Santo Financial (Portugal), SGPS SA, together ESFG), concluded the placing of 667.3 million and 332.3 million pre-emptive subscription rights (Rights) of Banco Espirito Santo (BES) respectively.Placing was done exclusively to qualified investors outside of the United States via an accelerated bookbuilding process at a price of 0.11 euros per Right.Settlement of the sale of Rights is expected to occur on June 2.Credit Agricole SA Group and ESFG will not sell any further rights or shares prior to closing of the BES Rights Issue and will not sell their remaining shareholding in BES through the 180 days following the physical settlement of the Rights Issue.Credit Agricole CIB, Espirito Santo Investment Bank, Morgan Stanley and UBS Investment Bank acted as Joint Bookrunners of the Placing.  Full Article

EU Commission charges HSBC, JPMorgan, Credit Agricole with rigging-Reuters
Tuesday, 20 May 2014 05:48am EDT 

Credit Agricole SA:European Union antitrust regulators charged HSBC, JPMorgan and Credit Agricole on May 20 with rigging financial benchmarks linked to euro, exposing them to potential fines-Reuters.Banks could face penalties of up to 10 percent of their global turnover if found guilty of breaching EU antitrust rules.  Full Article

Credit Agricole SA and Espirito Santo Financial Group SA dissolve BESPAR
Friday, 16 May 2014 04:55am EDT 

Credit Agricole SA:Espirito Santo Financial Group SA (ESFG) and Credit Agricole SA announce the dissolution and division of assets held at BESPAR - Sociedade Gestora de Participacoes Sociais, SA (BESPAR).This holding company was incorporated in 1991 for purpose of participating in privatisation of Banco Espirito Santo SA (BES).Following dissolution of BESPAR, ESFG now holds, directly and indirectly, a 27.36 pct stake in BES and Credit Agricole SA Group holds 20.12 pct.Credit Agricole SA Group sold to Companhia de Seguros Tranquilidade S.A. 10.0 pct of the share capital of ESAF-Espirito Santo Activos Financeiros, SGPS, S.A., and 50.0 pct of BES, Companhia de Seguros, S.A.Credit Agricole SA Group therefore shall cease to be a shareholder in these companies.  Full Article

Ramsay Health Care, Credit Agricole Assurances and Ramsay Sante make offer to acquire Generale De Sante SA
Sunday, 11 May 2014 08:00pm EDT 

Generale De Sante SA:Sante SA and Sante Developpement Europe SAS, who together hold 83.42 pct of Generale De Sante, receive offer from Ramsay Health Care, Credit Agricole Assurances and Ramsay Sante for acquisition of stake at price of 16.75 euros per share.Sante SA and Sante Developpement Europe SAS have grated a period of exclusivity until June 6 to Ramsay Health Care, Credit Agricole Assurances and Ramsay Sante in order to allow them to carry out due diligence with view to submitting firm offer.If agreement is reached, simplified public tender offer will be launched for Generale De Sante shares.  Full Article

Credit Agricole SA announces closing of deals with Societe Generale
Wednesday, 7 May 2014 01:01am EDT 

Credit Agricole SA:Announces the closing of two concomitant deals with Societe Generale.The sale by Credit Agricole CIB to Societe Generale of its 50 percent stake in Newedge Group, their brokerage joint venture, for 275 million euros.Credit Agricole S.A.'s acquisition from Societe Generale of a 5 pct interest in Amundi, their jointly owned asset management subsidiary, for 337.5 million euros.Says after closing the deal, Credit Agricole owns 80 pct of Amundi and Societe Generale owns 20 pct.Says the sale has no effect on the company's governance structure and Amundi remains the supplier of savings and investment solutions for Societe Generale's branch bank networks, under distribution agreements extended until the end of 2019.  Full Article

Credit Agricole issues 497 mln euros bonds due 2024
Monday, 5 May 2014 07:25am EDT 

Credit Agricole SA:Final amount of bonds due May 2024 equals 497,516,117 euros.497,516,117 bonds to be issued with nominal value of 1 euro each and coupon paid quarterly.  Full Article

Credit Agricole SA London Branch issues 400 million euro bond due 2019
Tuesday, 22 Apr 2014 08:00pm EDT 

Credit Agricole SA London Branch:Issues 400 million euro bond.Issue price 100 pct.Interest rate 3M EURIBOR + 0.67 pct.Quarterly coupon.Redemption at maturity at par.Redemption date April 24, 2019.Bonds listed on Euronext Paris.  Full Article

CRCAM Nord de France, CRCAM Nord-Est and Credit Agricole to dispose 50 pct stake in Crelan to Caisses cooperatives belges
Tuesday, 22 Apr 2014 02:43am EDT 

Caisse Regionale de Credit Agricole Mutuel Nord de France SC:CRCAM Nord de France, CRCAM Nord-Est and Credit Agricole conclude agreement to dispose their 50 pct stake in Crelan SA to Caisses cooperatives belges in June 2015.Transferors advised by Credit Agricole Corporate & Investment Bank.  Full Article

Credit Agricole closes central branch in Crimea-Reuters
Thursday, 17 Apr 2014 08:00pm EDT 

Credit Agricole SA:Closes central branch in Crimea, last one in Black Sea peninsula that was still operating, according to local call centre employee-Reuters.  Full Article

Societe Fonciere Lyonnaise announces changes in shareholding structure involving Predica / Credit Agricole Assurances and CA-CIB
Thursday, 17 Apr 2014 12:46pm EDT 

Societe Fonciere Lyonnaise SA:Says DIC Holding LLC has entered its capital by up to 8.55 pct.Says Predica / Credit Agricole Assurances have increased their holding from 5.09 pct to 12.34 pct.Says Predica / Credit Agricole Assurances is now second-largest shareholder.Says RBS and CA-CIB have sold their respective stakes.  Full Article

RPT-Credit Agricole starts search for peacemaker CEO

PARIS, Dec 18 - Credit Agricole has launched the hunt for a new boss who must reconcile warring factions within France's third-largest bank and find a way to simplify its ownership structure.

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