Agricole Increases Stake in Comit


The French Bank Credit Agricole, owners of the French factoring company Transfact, has acquired 21million shares (equivalent to 1.2%) in Italian banking group Banca Commerciala Italiana (Comit, owners of the Italian factoring company), for L280bn. When banking group Banca Intesa merges with Comit, Credit Agricole will have 30 million shares in IntesaBci.

After the merger, the stake of Banca Intesa’s shareholders’ agreement in the new, merged bank will drop to 38.1%, while that of Credit Agricole will drop to 14.5%.

Source: Il Mondo



All news and features older than 7 days are subscription only. This article is from the archive. Archived articles could only be accessed with the subscription. If you are a subscriber please log in, alternatively you need to purchase a subscription to view the full content for this page.