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Crédit Agricole: controls 100% of the capital of CACEIS

(CercleFinance.com) - Crédit Agricole SA announces that it has finalised the acquisition of the 15% stake held by Natixis in its investor services division CACEIS.
As a result, it now controls 100% of its share capital.

“With approximately 2.6 trillion euros in assets under custody, 1.7 trillion euros in assets under administration and a presence in nine European countries, CACEIS is one of the industry's leading players in Europe”, says the banking establishment.

This transaction should be accretive to the results of the Crédit Agricole Group and Crédit Agricole SA from 2018 and will have a negative impact of around -10 basis points on the fully-loaded CET1 ratio of the Crédit Agricole SA group and of -5 basis points on the ratio of the Crédit Agricole group.

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