Agricultural credit push his pawns in Italy ! Crédit Agricole Italia, a 75.6% subsidiary of Agricultural credit SA, is today launching a voluntary public takeover bid entirely in cash for all the shares of Credito Valtellinese (Creval). This transaction is characterized in particular by the construction of a solid and efficient banking group, with reinforced territorial anchoring, indicates the green bank. Press sources also reported in mid-October discussions to buy Banco BPM, number 3 of the bank in Italy.
According to Credit Agricole, the combination of Crédit Agricole Italia and Credito Valtellinese, two banks with the same culture rooted in the territories, makes it possible to consolidate the 6th largest banking group in Italy, strongly committed to supporting nearly 3 million customers. Crédit Agricole specifies that this offer is attractive for the shareholders of Credito Valtellinese. The French bank offers 10.50 euros per Credito Valtellinese share, representing a premium of 21.4% compared to the last official price of Credito Valtellinese.