Crédit Agricole to acquire Olinn Group from Argos Wityu.

Crédit Agricole, a Leasing and Factoring arm of company, agreed to acquire Olinn Group, a provider of a wide range of financing solutions, from Argos Wityu, a private equity firm. Financial terms were not disclosed. “Today we are carrying out an important transaction for Crédit Agricole Leasing & Factoring. It allows us to complete our range of services, in order to meet our customers’ new requirements in terms of equipment usage. The acquisition of Olinn is part of Crédit Agricole group's development strategy presented in the 2022 medium-term plan, and reinforces Crédit Agricole Leasing & Factoring's ambition to be one of the European leaders in leasing, factoring and renewable energies. We aim to be a leading player in our markets in France and internationally," Hervé Varillon, Crédit Agricole Leasing & Factoring CEO.