that's what the French Credit Agricole want to do

Three files on the table: Creval, Carige and Agos. As for the first of which the stock is not registered changes to 0.0814 euro, Crédit Agricole could, if the conditions were met, double the quota. That's what CEO Philippe Brbadac said.

In the case instead of the Ligurian institute, which sees the title rise from 5.88% to 0.0018 €, there will be membership pro-quota, while for the financier, who is 61% owned, the announcement of an agreement could be imminent.

Creval: we could double the quota

With regard to the Credito Valtellinese, it says, says Brbadac, of an insurance partnership and the minority participation "aims at consolidating our partnership: we will then be able to progress a little less than 10%, but our role is not decisive.

The French institute owns 5% of Creval After the start of a partnership in bancbadurance and the agreement provides the opportunity to climb up to 9.9% if the collaboration is extended to other areas of activity.

"The parties have agreed – reads in the press release of the partnership – to evaluate, in the medium term, the possibility of extending the partnership between the CASA group (Crédit Agricole SA, ndr) and CreVal to In this situation, the CASA group could consider the possibility of increasing its stake in CreVal to 9.9%. "

Carige: we will join pro-quota

"Our priority is organic growth without excluding external growth, which interests Crédit Agricole, it is to have a complete and lasting presence in Italy "said the director.

Regarding Carige's rescue, "we are waiting for some clarification from the Interbank Fund regarding governance and the conversion of subordinated bonds," said Giampiero Maioli, Chief Executive Officer of Crédit Agricole Italia. In any case, the French institute "Is geared to join pro quota, to the intervention of the Voluntary Fund".

Brbadac said that Crédit Agricole "did not recognize Italian sovereign bonds at their market value, but we usually carry them to maturity." "Every 100 points of additional spread has an impact of only 3 basis points on this 1".

Agos: decision shortly

Chapter Agos, a 61% subsidiary of the group and 39% of Banco BPM. The CEO confirmed negotiations with the institute headed by Giuseppe Castagna, which plans to reorganize its holdings in the consumer credit sector and struggling with the need to strengthen its capital position.

The badumptions on the table are three: the IPO, the sale to Crédit Agricole and a new agreement: "an announcement could occur in the coming days or weeks".