Arkea and Coperatieve Rabobank signed an asset purchase agreement in relation to the transfer of the client portfolio.
L'entree au capital du Credit Mutuel
Arkea, a hauteur de 19,5%, permettra a Vermeg d'accelerer fortement sa croissance et son innovation.
The two companies have also signed an agreement for Credit Mutuel
to increase its stake in their joint venture, Targobank, to 70 percent from 50 percent currently, said Alain Schmitter, general manager of Assurances, Credit Mutuel
Arkea led the sale jointly with BBVA (NYSE:BBVA) and Credit Agricole CIB.
The Commission holds that Credit Mutuel
benefited from state aid from September 1991 to end 2008 for distributing the Livret bleu accounts in France.
Maporama will provide technology so that I-mode handset users can locate the nearest bank, ATM or merchants that accept Credit Mutuel
Arkea's Moneo electronic wallet.
In this context, Watson is a perfect working partner to assist our professionals, augment their service quality and help them bring more value to clients, said Nicolas Thery, chairman at Crdit Mutuel
Credit Agricole Corporate and Investment Bank (CIB), DZ Bank and Credit Mutuel
were lead-managers of the issue.
outbid Germany-based Deutsche Bank (NYSE: DB), which was also a contender for the unit.
French MVNO Credit Mutuel
Mobile has declared its 4G plans.
BANKING AND CREDIT NEWS-November 26, 2010--Credit Mutuel
takes over L'Est Republicain(C)2010 M2 COMMUNICATIONS http://www.
The Commission found that the proposed transaction would give Credit Mutuel
a strengthened position in the consumer credit markets in France and Belgium, the only two markets where Credit Mutuel
and Cofidis are both active, without, however, significantly affecting competition on these markets due to the merged entity's relatively small market shares and the presence of a number of competitors active in the markets concerned.