[PDF] CREDIT AGRICOLE - CREDIT LYONNAIS

Who is Crédit Agricole?

The Crédit Agricole S.A. Group comprises the holding company, Crédit Agricole S.A., as well as all its subsidiaries. In 1998, following the Tour de France, Crédit Agricole became the lead sponsor of the cycling team led by Roger Legeay, previously sponsored by Gan, an insurer. The initial investment was FRF 30 million a year.

Is Crédit Lyonnais a French bank?

The Crédit Lyonnais ( French: [k?edi lj?n?], "Lyon Credit [Company]") was a major French bank, created in 1863 and absorbed by former rival Crédit Agricole in 2003. Its head office was initially in Lyon but moved to Paris in 1882. In the early years of the 20th century, it was the world's largest bank by total assets.

When did Finaref acquire Crédit Lyonnais?

Finaref was acquired in 2003. That same year, Crédit Agricole acquired Crédit Lyonnais in a friendly takeover orchestrated by then Chairman of the Board René Carron after a market battle was triggered by the government's decision to auction off its stake in Crédit Lyonnais in December 2002.

What happened to Crédit Lyonnais?

To cap the sequence of misfortune, the Crédit Lyonnais’s storied Parisian headquarters was partly destroyed by fire on 5 May 1996. The bank returned to profit in 1997. In 1999, Crédit Lyonnais’s shares were successfully floated on the Paris Bourse, thus partly reversing the nationalization of 1946.