CASA Group news / Amundi investors come together for the planet
Crédit Agricole Group to finance Club Med Samoëns in the Savoy Mountains On behalf of a consortium of investors, the Crédit Agricole Group arranged financing for building the Samoëns Club Med in the Grand Massif ski domain; this high-end resort is scheduled to open in December 2017. The €55 million loan was co-arranged by Crédit Agricole des Savoie and the Real Estate and Hospitality Division of Crédit Agricole CIB, which also structured the loan. This programme was based firstly on the close relationships Crédit Agricole Group has with building owners Foncière des Murs and operator Club Méditerranée - both major customers - and secondly on coordination from CACIB's French Regions Division. The Centre-Est and Sud Rhône Alpes Regional Banks also participated in this financing. This project showcases the Group's strength in expanding its local presence, especially for winter sports players.