Crédit Agricole Seizes Full Ownership of CACEIS in Power Move

Crédit Agricole just bulldozed its way to 100% control of CACEIS—because who needs joint ventures when you can own the whole pie?

The Takeover Playbook

No more sharing profits or decision-making. The French banking giant now holds all the cards in this custody and asset servicing game.

Why This Matters

Consolidation fever hits European finance—again. While rivals fiddle with partnerships, Crédit Agricole went straight for the kill shot. Expect more dominoes to fall.

The Cynic's Corner

Because nothing says 'innovation' like a traditional bank doubling down on... traditional banking services. At least the lawyers got paid.

Following the agreement announced on December 19th, 2024, and after receiving all required authorizations, Crédit Agricole S.A. announces having completed the acquisition of Santander’s 30.5% stake in CACEIS, its asset servicing subsidiary.

Credit Agricole S.A. now controls 100% of the share capital of CACEIS.With this operation, Crédit Agricole S.A. strengthens its position in CACEIS, a major European player in asset servicing, allowing it to continue its development in this strategic business for the Crédit Agricole group.

In parallel to this transaction, CACEIS and Santander are maintaining their long-term partnership.

Their joint venture for the Latin American operations will remain jointly controlled.

The transaction is consistent with the Crédit Agricole Group’s targets in terms of return of investment and return on tangible equity, and will have a negative impact of approximately 30 basis points on the fully-loaded CET1 ratio of Crédit Agricole S.A.

Source: Crédit Agricole