Home » The hands of Crédit Agricole on CreVal: three options to end the game

The hands of Crédit Agricole on CreVal: three options to end the game

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The agreement with the historic shareholder Denis Dumont and other funds resolved the takeover bid by Credit Agricole on Credito Valtellinese, which at this point already potentially has over 50% of the capital in its pocket. The minimum, indispensable condition of achieving an absolute majority of the capital is therefore satisfied. However, Agricole conditioned the validity of the offer to the exceeding of 66.7% of the capital and could, in theory, return the shares delivered if it did not reach this threshold. On the…

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