Announced
Completed
Synopsis
Crédit Mutuel Alliance Fédérale, a financial services, completed the acquisition of Crédit Mutuel Nord Europe, a mutual cooperative bank. Financial terms were not disclosed. “Unanimously approved by our local branch presidents in January 2021, this mutualist convergence will make it possible to extend the synergies that have already existed for years with Crédit Mutuel Alliance Fédérale. New development prospects are now opening up to strengthen our expertise in bancassurance and asset management. We share common ambitions in terms of customer satisfaction, innovation, regional development and social responsibility. With this membership, Crédit Mutuel Nord Europe intends to take advantage of the relevance and strength of its model in the service of an ever stronger Crédit Mutuel” Olivier Oger and Éric Charpentier, Crédit Mutuel Nord Europe Chairman and CEO.
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