Credit Agricole completed the acquisition of a 30% stake in Watèa from Michelin.

Credit Agricole completed the acquisition of a 30% stake in Watèa, an ev charging infrastructure services provider, from Michelin, a tyre manufacturing company. Financial terms were not disclosed. “Crédit Agricole’s strategic investment in Watéa by Michelin forms part of the Group’s aim to become the European leader in green mobility and will allow our professional and business clients to speed up “going green” and allow their vans to access low-emission zones. The combination of Watéa by Michelin’s know-how in terms of tailor-made mobility solutions and that of Crédit Agricole Leasing & Factoring in terms of financing will create a champion for full and economically viable electric mobility offers for professionals and companies," Stéphane Priami, Crédit Agricole CEO.