- 3 min
Axa and Cedit Agricole cib sign their first joint financing
AXA and Crédit Agricole CIB, the Corporate and Investment Bank of the Crédit Agricole Group, announced, within the framework of their cooperation, the signature of their first joint financing in favour of Neopost.
Neopost is the first European and second worldwide provider of mailing management solutions. The Group is a key player in the mailroom equipment and logistical solutions market.
The joint financing - a 5 year €100 million loan – is for Neopost an important step in its strategy of diversifying its euro financings launched at the beginning of the summer.
This seminal transaction demonstrates Crédit Agricole Group’s aim to offer its medium size corporate clients an alternative solution to traditional bank financings. It also illustrates AXA Group’s determination to accompany leading companies in their development by participating in setting up innovative solutions to ensure the diversification of their sources of funding.