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  • 2010/02/18
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Torino, Milano, Paris, 18 February 2010 - Intesa Sanpaolo and Crédit Agricole S.A. have executed an agreement, the terms and conditions of which shall be finalised by 30 June 2010, whereby Crédit Agricole will extend its coverage in Italy as a result of the disposal on the part of the Intesa Sanpaolo Group, at market conditions, of a network of branches mostly operating in geographical areas neighbouring those where Crédit Agricole already has a presence.

The branch network will include 150 to 200 branches and can also be entirely or partially made up of an Intesa Sanpaolo Group subsidiary.

Terms and conditions of the agreement as well as the branch network perimeter will be duly disclosed to the market once finalised.