JOINT PRESS RELEASE
CRÉDIT AGRICOLE S.A. AND INTESA SANPAOLO FINALISE THE SALE OF INTESA SANPAOLO’S INTEREST IN AGOS
Turin, Milan, Paris, 30 May 2008 – Today, after having obtained the necessary authorisations, Intesa Sanpaolo S.p.A. and Crédit Agricole S.A. have finalised the sale to Crédit Agricole of Intesa Sanpaolo’s 49 per cent total interest in AGOS S.p.A., their joint venture in the consumer credit business in Italy, for a consideration of 546 million euros. AGOS S.p.A. will carry on its business as a subsidiary of Sofinco, a Crédit Agricole S.A. company.
All of the above is in accordance with both the disclosures made in the press releases issued by Banca Intesa and Crédit Agricole on 11 October 2006 and the joint press release issued by Crédit Agricole and Intesa Sanpaolo on 27 December 2007 and the decision of the Italian Competition Authority “AGCM” issued on 20 December 2006.
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Last updated 30 May 2008 at 14:31