March 26, 2017 7:17 PM ET

Banks

Company Overview of Crelan NV

Company Overview

Crelan S.A. operates as a cooperative bank which offers financial solutions to the agricultural industry. The company provides financial assistance for daily farming operations, seasonal planting, and equipment purchase purposes. It also offers car and home loans, savings, and student loans for individual clients. In addition, the company provides business credit for renovation, investments, and related applications. It was formerly known as Credit Agricole SA/Landbouwkrediet NV. The company was founded in 1937 and is based in Brussels, Belgium. Crelan NV operates as a subsidiary of CrelanCo.

251, Boulevard Sylvain Dupuis

Brussels,  1070

Belgium

Founded in 1937

Phone:

32 2 558 71 11

Key Executives for Crelan NV

Crelan NV does not have any Key Executives recorded.

Crelan NV Key Developments

Crelan In Talks To Divest Keytrade To Crédit Mutuel Arkéa

Crelan NV announced that it has signed an agreement to enter into exclusive negotiations to sell Keytrade Bank SA to Crédit Mutuel Arkéa. Wouter Gabriëls, Bas van der Vlist, Thierry le Grelle, Gerald Nijdam, Daan Van Parys, Antoine De Nicolay, Gilles Mentre, Peter Kuo, Farid BENCHEIKH, Nicolas-David Kersen and Bastien Hermans of Lazard and Econopolis are acting as financial advisor and Allen & Overy acted as legal advisor for Crelan. IFI Partners and White & Case are acting as advisors for Crédit Mutuel Arkéa. Luc Defferrard, Thomas Müller, Tervel Stoyanov, AlexandreSimone Wetzstein, Dirk Spacek, Hubertus Hillerström, Louis Christe, Fabian Glässer of Walder Wyss Ltd. is acting as legal advisor for Credit Mutuel Arkea. The transaction is to be implemented in the course of the first quarter of 2016.

BinckBank No Longer Eyeing Keytrade Bank

BinckBank NV (ENXTAM:BINCK) is not interested in acquiring Keytrade Bank SA, because the price tag is too high. AFN quoted a spokesperson for BinckBank stated that BinckBank was in exploratory talks to acquire Keytrade. Belgian daily De Tijd had earlier reported earlier that Keytrade was up for sale again. Crelan S.A. is known to have mandated Lazard to lead the sale process. ING Groep N.V. (ENXTAM:INGA) and BNP Paribas SA (ENXTPA:BNP), Crédit Mutuel Arkéa and Societe Generale Group (ENXTPA:GLE) are also understood to be interested acquiring Keytrade.

Crelan Puts Keytrade Up For Sale

Crelan S.A. is selling Keytrade Bank SA and has mandated investment bank Lazard (NYSE:LAZ) to lead the process, local dailies De Tijd and L'Echo reported on September 3, 2015. Luc Versele, Chief Executive Officer of Crelan, confirmed in a reaction that Keytrade will possibly be sold but underlined that the decision is not prompted by financial need.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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