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The Board of Directors of Crédit Agricole S.A. has approved to file an authorization request with the ECB to cross 20% in the share capital of Banco BPM S.p.A.

Following the agreement announced on December 19th, 2024, and after receiving all required authorizations, Crédit Agricole S.A. announces today having completed the acquisition of Santander’s 30.5% stake in CACEIS, its asset servicing subsidiary. Credit Agricole S.A. now controls 100% of the share capital of CACEIS.

CACEIS, a leading European asset servicing group, is appointed by Syz Asset Management, part of Swiss family-owned Syz Group, to provide custody, fund administration, and transfer agency services. The mandate covers all of Syz Asset Management’s funds totalling over CHF 3 billion.