Crédit Agricole S.A. and Santander have entered into an agreement for the acquisition by Crédit Agricole S.A. of Santander’s 30.5% stake in CACEIS, its asset servicing provider. Following the envisaged transaction, Crédit Agricole S.A. will control 100% of the share capital of CACEIS.
Crédit Agricole S.A. confirms its strategic priority to continue strengthening CACEIS’ position as a major European asset servicing player, supporting its clients’ business development objectives. Over the recent years, CACEIS has experienced robust growth, both organically and through strategic acquisitions. The recent addition of RBC Investor Services’ operations in Europe has enabled the company to expand its clients base and product range.
You can find the press release here: