Crédit Agricole S.A. announced that on 21 January it sold in a block trade, 432 millions ordinary Intesa Sanpaolo shares, representing approximately 3.6 per cent of ordinary shares and voting rights of the group, for a total amount of €2,506 million.

After this transaction, inline with the announcement on 12 October of Crédit Agricole S.A.'s intention to reduce it stake in the new Italian banking group, it now holds (excluding trading positions) about 649 millions ordinary shares and circa 92 millions saving shares, representing 5.8 per cent of the capital and 5.5 per cent of the Intesa Sanpaolo voting rights.