Credit Agricole to acquire a 49% stake in renewables business of Edison for $2.3bn.

Credit Agricole, insurance services, agreed to acquire a 49% stake in renewables business of Edison, an Italian energy operator, for $2.3bn. "We are proud to support the italian energy transition policy with Edison. Fully in line with Crédit Agricole Group's commitments in favor of the climate, this new partnership and investment will help Crédit Agricole Assurances to strengthen its presence in the energy transition. This acquisition will also contribute to our objective to increase our investments in renewable energies and reach an 11 GW installed capacity by 2025," Philippe Dumont, Credit Agricole Assurances CEO.