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Bank
FINANCIAL | Retail Banking
creval.it

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Founded Year

1908

Stage

Acq - Pending | Acquired

About Gruppo Bancario Credito Valtellinese

The Group Credit Valtellina, popular banking group, listed on the Italian Stock Exchange MTA, has over 160,000 members and shareholders. E 'on the national territory into 11 regions, with more than 500 branches, spread among the local banks that constitute it - Credito Valtellinese, Credito Siciliano, and Carifano - and about 4,400 employees. At the top of the group, Credito Valtellinese, founded in Sondrio in 1908 in the wake of the cultural tradition of popular Catholicism, which from the beginning has pursued a development model intrinsically linked to the socio-economic progress and enhancement of territories of its historical roots. Consistent with the guiding principles, banking operations is mainly oriented to households, small and medium-sized enterprises, craftsmen and professionals and, by tradition and vocation, to non-profit organizations: Heritage 'intangible' growing list of more than 900,000 reports.

Gruppo Bancario Credito Valtellinese Headquarter Location

Sondrio,

Italy

Latest Gruppo Bancario Credito Valtellinese News

CREDIT AGRICOLE SA: Crédit Agricole Italia crossed the 95% threshold in Credito Valtellinese share capital and will control 100% after the squeeze out procedure

May 19, 2021

Montrouge, 19 May 2021 Crédit Agricole Italia crossed the 95% threshold in Credito Valtellinese share capital and will control 100% after the squeeze out procedure Following the success of Crédit Agricole Italia’s voluntary public tender offer on the shares of Credito Valtellinese on 23 April 2021, through which Crédit Agricole Italia came to hold 91.17% of the share capital of CreVal, Crédit Agricole Italia announces that it has crossed, today, the 95% threshold of CreVal share capital1. Therefore, following the end of the sell-out procedure (the sell-out period ends on 21 May 2021 and the settlement will be on 28 May 2021), the squeeze-out procedure shall apply, through which Crédit Agricole Italia will come to own 100% of CreVal’s share capital, for a total consideration of € 861 million2. The final results of the sell-out procedure and the details for the squeeze out procedure will be communicated in the press releases to be published in respect thereof after the end of the sell-out period. This full success will facilitate further the merger of Crédit Agricole Italia and CreVal, planned in 2022. CRÉDIT AGRICOLE S.A. PRESS CONTACTS Charlotte de Chavagnac        + 33 1 57 72 11 17         charlotte.dechavagnac@credit-agricole-sa.fr 1 Considering shares for which the right to sell has been exercised by Creval shareholders so far within the sell-out procedure and shares that have been bought by Crédit Agricole Italia outside the sell-out procedure 2 The cost of the acquisition at Crédit Agricole S.A. level stands at €833 million. Attachment

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