Crédit Agricole CIB is present in 19 countries in Europe (excluding France), the Middle East and Africa: in Austria, Belgium, Denmark, Finland, Germany, Greece, Italy, Luxembourg, Monaco, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom, Saudi Arabia, United Arab Emirates and Qatar.
Crédit Agricole has suspended its activities in Russia in March 2022.
History
We established our presence by opening offices in London in 1870 and other major financial centres, thus consolidating our position as a global leader in corporate and investment financing.
Highlight of the year
In 2024, Crédit Agricole CIB strengthened its role in Italy with remarkable performances, making Italy one of the Bank’s main growth drivers in Europe. The country has the highest growth rates in the region and is characterised by excellent financial results.
In July 2024, Prysmian, world leader in the energy and telecom cable systems industry, successfully closed the acquisition of Encore Wire, a leading US manufacturer of electric building wire, for a price consideration of c. EUR 3.9 billion. The transaction is the largest cross-border acquisition towards the US for an Italian Corporate in 2024. Crédit Agricole CIB acted as Bookrunner, MLA and Documentation Agent of the financing, while coordinating the whole syndication process.
Furthermore, we also acted as sole Arranger of the first EMTN programme of the company, under which we were Joint Bookrunner of the first dual tranche issuance for the bridge loan takeout.
We have also been present in the Middle East since 1948, with a regional hub in the United Arab Emirates and a presence in Qatar and Saudi Arabia for the past three years. The region’s economy is undergoing rapid change, particularly thanks to the dynamism of its sovereign wealth funds.
Crédit Agricole CIB in the Middle East enjoyed several commercial successes in 2024, notably with the Saudi Public Investment Fund (PIF), for which we played a key role in financing $22bn of debt to help the country achieve its “Vision 2030”.
In July 2024, we extended our partnership with Kepler Cheuvreux in Equity Capital Markets (ECM) to the Middle East and Africa (MENA) region. This strategic expansion aims to respond to the growing interest in ECM activity in the region, while consolidating our offering of cutting-edge financial services to our clients, such as sovereign wealth funds, banks and national champions.
