Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Credit Agricole Already Owns Directly Emporiki Bank Bulgaria
CREDIT AGRICOLE ALREADY OWNS DIRECTLY EMPORIKI BANK BULGARIA
Date: 09/07/2012
Source: novinite.com
Credit Agricole Already Owns Directly Emporiki Bank Bulgaria

French bank Credit Agricole has officially taken control of the Bulgarian assets of its Greek subsidiary Emporiki Bank.

The transfer of all 83 876 135 shares took place last week, data of Bulgaria's Central Depository shows.

Not that the procedure is complete, the Bulgarian unit of Emporiki Bank has direct access to funding from the French bank and will adopt the name Credit Agricole with its trademark and logo.

French bank Credit Agricole announced in the middle of June it has taken control of assets in Albania, Romania and Bulgaria of its Greek subsidiary Emporiki Bank amid concerns over a possible Greek euro exit.

"This intra-group transaction is the last step of a process developed since the beginning of 2009 to reinforce links between Credit Agricole SA and Emporiki Group's subsidiaries," Emporiki said in a statement.

"This agreement will also allow Emporiki to further rationalize its corporate structure and reinforce its focused efforts to effectively deal with the current circumstances and challenges."

The deal was subject to approval from the relevant central banks.


Topic: Business



Featured District
VIDIN DISTRICT AND CITY INFORMATIONVidin
Invest Bulgaria Charts
Gross Domestic Product of Bulgaria
Gross Domestic Product of Bulgaria

Current and Capital Account of Bulgaria
Current and Capital Account of Bulgaria

See all charts
Did You Know?
New Sofia Airport
New Sofia Airport
Since 2006, Sofia has a modern brand new international airport that matches the finest airports in ... More

Bourgas is the fourth largest city in Bulgaria, situated in the south-eastern part of the country. It's not famous as a beach resort (although few beaches you can find), but more as a turning point to the big southern Black Sea resorts in Bulgaria like Sunny Beach, Nessebar, Sozopol, Dyuni, Elenite, etc.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2021 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members