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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Crédit Agricole SA    ACA   FR0000045072

CRÉDIT AGRICOLE SA

(ACA)
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Credit Agricole : Italian Subsidiary Launches Bid to Buy Credito Valtellinese

11/23/2020 | 02:12am EST

By Cecilia Butini

Credit Agricole SA said Monday that its Italian subsidiary Credit Agricole Italia SpA has launched a voluntary public cash tender offer to acquire all ordinary shares of Italian bank Credito Valtellinese SpA.

The offer was placed at 10.50 euros ($12.45) per share, corresponding to a total investment of EUR737 million from Credit Agricole Italia for 100% of Credito Valtellinese shares, the bank said.

The acquisition is expected to generate a return on investment for Credit Agricole Italia's shareholders of more than 10% by the third year, Credit Agricole said. The deal would make Credit Agricole Italia SpA the sixth largest retail bank in Italy.

The offer is subject to Credit Agricole Italia achieving at least 66.7% of Credito Valtellinese's voting share capital or 50% of voting capital plus one share, and is conditional on antitrust approval, it said.

Write to Cecilia Butini at cecilia.butini@wsj.com

-0- 

(END) Dow Jones Newswires

11-23-20 0211ET

Stocks mentioned in the article
ChangeLast1st jan.
CREDITO VALTELLINESE S.P.A. -0.51% 11.79 Delayed Quote.2.65%
CRÉDIT AGRICOLE SA 1.54% 10.205 Real-time Quote.-2.62%
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Financials
Sales 2020 20 323 M 24 601 M 24 601 M
Net income 2020 2 775 M 3 360 M 3 360 M
Net Debt 2020 - - -
P/E ratio 2020 11,9x
Yield 2020 3,14%
Capitalization 29 411 M 35 580 M 35 602 M
Capi. / Sales 2020 1,45x
Capi. / Sales 2021 1,43x
Nbr of Employees 72 524
Free-Float 39,9%
Chart CRÉDIT AGRICOLE SA
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Crédit Agricole SA Technical Analysis Chart | ACA | FR0000045072 | MarketScreener
Technical analysis trends CRÉDIT AGRICOLE SA
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 11,75 €
Last Close Price 10,21 €
Spread / Highest target 69,4%
Spread / Average Target 15,1%
Spread / Lowest Target -24,5%
EPS Revisions
Managers and Directors
NameTitle
Philippe Brassac Chief Executive Officer
Dominique Lefèbvre Chairman
Jérôme Grivet Chief Financial Officer & Deputy General Manager
Laurence Dors-Meary Independent Director
Caroline Catoire Independent Director
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