Banca Leonardo Credit Agricole Takes Control

Banca Leonardo's Italian roots run deep, with a history dating back to 1997.

The bank's acquisition by Credit Agricole in 2007 marked a significant turning point in its evolution.

This partnership brought a wealth of international expertise and resources, enabling Banca Leonardo to expand its services and reach new markets.

The bank's commitment to innovation and customer satisfaction has only grown stronger since the acquisition, with a focus on delivering tailored solutions to its clients.

Credit Agricole's influence has also helped Banca Leonardo stay ahead of the curve in terms of technology and digital banking, ensuring a seamless experience for its customers.

Broaden your view: Deutsche Bank (Italy)

Crédit agricole has taken a significant step in solidifying its presence in Italy, its second-largest market. It has acquired Banca Leonardo, a move that will further establish its foothold in the region.

Crédit agricole's division of wealth management, Indosuez Wealth Management, has finalized the deal, purchasing Banca Leonardo for an undisclosed amount. This acquisition will bring Crédit agricole a substantial 5.9 billion euros in assets under management.

Recommended read: Crédit Agricole Italia

Crédit agricole is already a major player in Italy, with a strong presence that will only be amplified by this acquisition. Banca Leonardo's assets will be integrated into Crédit agricole's existing operations in the country.

The acquisition is expected to be finalized by the first half of 2018, and Crédit agricole has offered to buy out the remaining shares of Banca Leonardo at the same price. This move will give Crédit agricole a significant advantage in the Italian market, where it already has a strong following.