Crédit Agricole S.A. and BCC-Grupo Cajamar sign long-term partnership agreement

Corporate ActionM&A · Partnership
โดย Yahoo Finance·Read original
Summary · why it matters

Crédit Agricole S.A. and BCC-Grupo Cajamar have signed a new strategic partnership that will see Crédit Agricole S.A. acquire a minority stake of 9.9% in Banco de Crédito Social Cooperativo, the parent entity of Grupo Cajamar. The agreement includes several commercial agreements in areas such as asset servicing, factoring, leasing and renting for vehicles and other goods, and investment solutions. In the short term, the deal will strengthen Grupo Cooperativo Cajamar's own funds structure, raising its total capital ratio from 16.6% to 17.1%, while the impact on Crédit Agricole S.A.'s CET1 ratio will be non-significant. The transaction is subject to non-opposition by competent authorities and is expected to be finalized in the coming months. The partnership builds on the two groups' shared cooperative roots and aims to support Grupo Cajamar's growth through Crédit Agricole's expertise in selected financial businesses.

Impact on stocks 3

Financials · 2 stocks
Credit Agricole SA
ACA
▲ PositiveCapitalrelevance

Acquires 9.9% stake in BCC-Grupo Cajamar with commercial agreements, non-significant CET1 impact

Energy Transition & Power Demand · 1 stocks

Off-coverage companies 2

Banco de Crédito Cooperativo (BCC-Grupo Cajamar)Private▲ Positive
Capitalrelevance

Parent entity of Grupo Cajamar receives 9.9% stake and commercial agreements, capital ratio improves

Banco de Crédito Social CooperativoPrivate▲ Positive
Capitalrelevance

Receives minority investment and commercial partnerships, strengthening capital ratio from 16.6% to 17.1%