Credit Agricole SA Launches A Cash Voluntary Public Tender Offer For All Shares Of Banca Piccolo Credito Valtellinese SpA Transcript
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Good morning to every one of you. I'm very grateful that you've been able to be available with such a short notice for this meeting this morning.
I want to start by saying that I am here with Philippe Brassac and Xavier Musca and that Giampiero Maioli, the Chief Executive Officer of Crédit Agricole Italia and the Senior Country Officer of the group in Italy, is also on the line and will help me to make this presentation.
Let me start by saying that today, we want to present an initiative that we have decided to launch this morning, which is the acquisition of CreVal by Crédit Agricole Italia. In a nutshell, this operation that we have announced will significantly enhance Crédit Agricole Italia's footprint in the retail banking activities in Italy by the adjunction of a very attractive and robust retail network, well located in Italy. This operation, in our analysis, will provide a significant value for all the stakeholders involved. It's going to be the case, definitely, for
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