CREDIT AGRICOLE SA: Crédit Agricole S.A. announces the finalization of a partnership in Italy between Banco BPM and Crédit Agricole Assurances for non-life, personal protection and creditor insurance
2023年12月15日 - 4:30PM
CREDIT AGRICOLE SA: Crédit Agricole S.A. announces the finalization
of a partnership in Italy between Banco BPM and Crédit Agricole
Assurances for non-life, personal protection and creditor insurance
Montrouge, 15th of December 2023
Crédit Agricole S.A. announces the
finalization of apartnership in Italy between
Banco BPM and Crédit Agricole Assurances for non-life, personal
protection and creditor insurance
Crédit Agricole S.A. announces today the
finalization of a partnership between Banco BPM and Crédit Agricole
Assurances, subsidiary of Crédit Agricole S.A., including:
-
The acquisition of 65% of the share capital of Vera Assicurazioni,
its subsidiary Vera Protezione and Banco BPM Assicurazioni, from
Banco BPM;
-
The launch of a 20-year distribution agreement for products and
services in non-life, personal protection and creditor insurance in
Banco BPM’s network of around 1,500 branches in Italy.
In accordance with the announcement of the
signing of the binding Term sheet on December 23rd 2022, this
transaction is fully in line with Crédit Agricole Assurances'
strategic plan to 2025 and represents a major new step in its
international development.
The acquisition of Banco BPM Assicurazioni, Vera
Assicurazioni and Vera Protezione will enable Crédit Agricole
Assurances to diversify its business mix by increasing its
non-life, personal protection and creditor insurance premiums by
almost 60%(1).
The agreement makes Crédit Agricole Assurances
the 3rd largest non-life bancassurer in Italy(2).
This transaction is in line the profitability
criteria of Credit Agricole S.A. with an expected return on
investment of more than 10% over 3 years and has a negligible
impact on Credit Agricole S.A. CET1 ratio and on Crédit Agricole
Assurances’ Solvency 2 ratio.
PRESS CONTACTS CRÉDIT AGRICOLE S.A.
Alexandre Barat
+ 33 1 57 72 12
19 alexandre.barat@credit-agricole-sa.fr
Olivier
Tassain
+ 33 1 43 23 25
41 olivier.tassain@credit-agricole-sa.fr
INVESTOR RELATIONS CONTACTS CRÉDIT AGRICOLE
S.A.
Institutional Investors |
+ 33 1 43 23 04 31 |
investor.relations@credit-agricole-sa.fr |
Individual Shareholders |
+ 33 800 000 777 (toll free number France only) |
relation@actionnaires.credit-agricole.com |
Read all press releases at: www.credit-agricole.com
(1) Calculation based on end 2022 data(2) Statistics drawn up by
the Italian consultancy IAMA Consulting, in market share terms,
based on data to the end of June 2023
- 2023 12 15 PR CASA - CAA et BBPM
Credit Agricole (BIT:ACA)
過去 株価チャート
から 8 2024 まで 9 2024
Credit Agricole (BIT:ACA)
過去 株価チャート
から 9 2023 まで 9 2024