CREDIT AGRICOLE SA: CACEIS and Royal Bank of Canada have signed a Memorandum of Understanding on the potential acquisition of RBC Investor Services operations in Europe
17 Octubre 2022 - 12:45AM
CREDIT AGRICOLE SA: CACEIS and Royal Bank of Canada have signed a
Memorandum of Understanding on the potential acquisition of RBC
Investor Services operations in Europe
Montrouge, 17 October 2022 |
CACEIS and Royal Bank of Canada have
signed a Memorandum of
Understanding on the potential acquisition of RBC Investor
Services operations in Europe
CACEIS and Royal Bank of Canada have signed on
the 14th of October a Memorandum of Understanding on the potential
acquisition by CACEIS of RBC Investor Services operations in
Europe.
This transaction would further enhance CACEIS’
positioning as a global leader in asset servicing in Europe and
worldwide with circa €4.8 trillion in Assets under Custody and €3.5
trillion in Assets under Administration (figures as of 31/03/2022)
after its completion(*) which is expected to take place by the end
of the third quarter of 2023.
This transaction would be in line with the
Group's development objectives and would respect our profitability
criteria with an expected return on investment of more than 10%
over 3 years thanks to the realisation of synergies. It would have
a negative impact of less than 10 basis points on Crédit
Agricole S.A.'s CET1 and Crédit Agricole Group's CET1 (figures
as of 30/06/2022).
(*) The signature of the final agreements between CACEIS and
Royal Bank of Canada requires prior consultation with the relevant
works councils and the completion of the contemplated transaction
will be subject to customary closing conditions, including
applicable regulatory approvals.
CRÉDIT AGRICOLE S.A. PRESS CONTACTS
Olivier Tassain:
+33 (0)1 43 23 25 41 —
olivier.tassain@credit-agricole-sa.frMathilde Durand:
+33 (0)1 57 72 19 43 —
mathilde.durand@credit-agricole-sa.fr
See all our press releases at: www.credit-agricole.com —
www.creditagricole.info
Credit Agricole (EU:ACA)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Credit Agricole (EU:ACA)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024