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Intesa Sanpaolo, Crédit Agricole drops below 2%

The French bank reduced its stake in Intesa Sanpaolo to 1,935%, from the initial 5% on 27 July 2010.

Intesa Sanpaolo, Crédit Agricole drops below 2%

French bank Crédit Agricole dropped to 1,935% stake in Intesa Sanpaolo. This is what emerges from the communications to Consob on significant shareholdings: the operation took place on 24 August last. The transalpine group held 4,996% since 27 July 2010, based on Consob data, but had already reduced its share compared to that level.

Crédit Agricole therefore formalized Intesa Sanpaolo's drop below the 2% threshold last Tuesday, on the occasion of the presentation of the half-year results, without however indicating the exact amount of the current quota. At Piazza Affari in the middle of the day, Intesa Sanpaolo shares lose 0,25%

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