Credit Agricole Sa: Crédit Agricole S.A. has signed an agreement for the acquisition of Santander’s 30.5% stake in CACEIS, its asset services provider, aiming to bring its ownership to 100%

Group 1 - Crédit Agricole S.A. has signed an agreement to acquire Santander's 30.5% stake in CACEIS, aiming to achieve 100% ownership [2] - The acquisition aligns with Crédit Agricole's strategic priority to strengthen CACEIS as a major European asset servicing player, supporting client business development [3] - CACEIS has shown robust growth through organic means and strategic acquisitions, including the recent addition of RBC Investor Services' operations in Europe [3] Group 2 - The transaction will maintain the long-term partnership between CACEIS and Santander, with their joint venture for Latin American operations remaining jointly controlled [4] - Completion of the acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to occur in 2025 [4] - The transaction is consistent with Crédit Agricole Group's investment return targets but will negatively impact the fully-loaded CET1 ratio by approximately 30 basis points [5]