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Crédit Agricole S.A. — M&A Activity 2011
Oct 10, 2011
1236_iss_2011-10-10_55d4434c-614c-494a-b011-55362087cca2.pdf
M&A Activity
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Press release
Paris, 10 October 2011 – Crédit Agricole CIB and BlueMountain Capital Management, LLC are pleased to announce the execution of a memorandum of understanding, pursuant to which Crédit Agricole CIB will transfer the market risk of its legacy credit correlation business to BlueMountain, a leading investment manager in the global credit markets.
The parties expect to close this transaction by year end. As is customary, this transaction is subject to prior satisfaction of standard due diligence and regulatory obligations
Press contacts
Crédit Agricole Corporate & Investment Bank Bertrand Hugonet Tel: +33 1 41 89 30 44 [email protected]
Anne Robert Tel : +33 1 41 89 03 77 [email protected] Blue Mountain Mary Kate Dubuss Account Supervisor Dukas Public Relations 646-808-3731 (W) 617-817-6900 (C) [email protected] www.dukaspr.com
Douglas Hesney Director Dukas Public Relations 100 West 26th Street New York, NY 10001 (212) 704-7385 x3664