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Crédit Agricole S.A. — M&A Activity 2011
Jun 30, 2011
1236_iss_2011-06-30_f497aae7-81f7-43c1-be31-aaed2175778f.pdf
M&A Activity
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Paris, 30 June 2011
Press Release
CACEIS Bank Luxembourg and Fastnet Luxembourg become single entity
Following the recent acquisition by the CACEIS group of the remaining 47.8% stake in Fastnet Luxembourg, CACEIS now holds a 100% stake in the company. As a result, with two fullyowned entities in Luxembourg the decision has been taken to merge Fastnet Luxembourg into CACEIS Bank Luxembourg with effect from 1 st July 2011. The new merged entity will operate under the CACEIS Bank Luxembourg name.
According to Pierre Cimino, Managing Director of CACEIS Bank Luxembourg, "This merger is another step that can enhance and accelerate the development of CACEIS in Luxembourg."
About the CACEIS group
CACEIS is the asset servicing banking group of Crédit Agricole dedicated to institutional and corporate clients. Through offices across Europe, North America and Asia, CACEIS offers a comprehensive range of high quality products and services covering depositary and custodial services, fund administration, middle office services, fund distribution support and issuer services. With assets under custody of €2.4 trillion and assets under administration of €1.2 trillion, CACEIS is one of the world market leaders in asset servicing and the largest depositary bank and the premier fund administrator in Europe (figures to 31 December 2010). CACEIS benefits from a solid A+ financial strength rating from Standard & Poor's. www.caceis.com
Press Contact: Claude Michaux Tel.: +352 4767 2792 [email protected]