Cuatrecasas advises Cajamar Cooperative Group on investment by and partnership with Crédit Agricole
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SubscribeCuatrecasas is advising the Cajamar Cooperative Group on Crédit Agricole’s investment in Banco de Crédito Social Cooperativo, the parent entity of the Cajamar Group, and on the commercial alliance between the two banking groups.
The transaction involves the acquisition by Crédit Agricole of a 9.9% minority stake in Crédito Social Cooperativo, as well as the formalization of a commercial alliance covering asset management, custody, and administration, factoring, vehicle and capital equipment leasing and renting, and investment solutions, among other potential future collaborations.
Completion of the transaction is subject to obtaining the relevant non-objection from the European Central Bank (through the Bank of Spain), which is expected in the coming months.
The legal advisory team is led by Corporate lawyers Fernando Mínguez, Carlota Tojo, and Julián Ruan, with support from Valentín García (Labor and Employment) and Alejandro Negro (Intellectual and Industrial Property/Data Protection).
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