Press Release: Mergers: Commission gives green light to joint venture between Caisses d’Epargne Group and Crédit Agricole Group

The European Commission on 15 June 2005 authorised under the EU Merger Regulation the proposed joint venture between the Caisses d'Epargne and the Crédit Agricole groups active in the areas of safeguarding financial instruments and fund management. It concluded that the merger would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.