Credit Agricole is ready to take control of Credito Valtellinese, according to Bloomberg. The news agency cites sources close to the dossier according to which the French bank has now collected over 67% of the subscriptions in the offer launched on the Lombard institution.
On the last day of the offer, Credit Agricole would thus have reached the threshold necessary to hold control of the extraordinary meeting.
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Over the course of the week, the French bank eliminated the threshold of 90% of subscriptions as a constraint on the offer of 12.5 euros per share, a move that helped to convince some investors – including the French partner Denis Dumont – to accept the proposal. of the transalpine bank.
Credit Agricole’s offer was subject to the achievement of 66.7% of the shares, even if the institute led by Giampiero Maioli in Italy had announced that it would consider the operation even if it reached 50% plus one share.