Crédit Agricole exercises over-allotment option, sells Amundi shares for €170 million

Crédit Agricole S.A. announced on November 25, 2015, that it had partially exercised the over-allotment option granted in relation to Amundi's initial public offering (IPO) on Euronext Paris. The bank sold 3,779,010 existing shares at the IPO price of €45.00 per share, generating gross proceeds of approximately €170 million.

The over-allotment option was managed by J.P. Morgan Securities plc, acting as the stabilization agent. Following this transaction, Crédit Agricole Group remains the majority shareholder in Amundi, holding 75.7% of the share capital and voting rights. This figure excludes shares allocated in the employee offering.

Amundi's IPO was a significant step for the asset management firm, aiming to strengthen its position in the European market and provide capital for future growth. The exercise of the over-allotment option confirmed investor demand for Amundi shares following the listing.

Further details regarding the offering and the company's financial information are available on the websites of Amundi and the Autorité des Marchés Financiers (AMF). Investors were advised to review the risk factors outlined in the relevant offering documents.