Acacia Mining Share Discussion Threads

[waldron] 17/4/2019 07:57

Credit Agricole SA (ACA.FR) and Banco Santander SA (SAN.MC) have signed a memorandum of understanding to create a new entity focused on custody and asset-servicing operations with a remit over a total of more than 5 billion euros ($5.7 billion), the lenders said Wednesday.

The new entity, names Caceis, would see Credit Agricole and Santander hold 69.5% and 30.5%, respectively, in a combination of their operations. It would combine Santander Securities Services, or S3, in Spain and Latin America, with Caceis.

The combined entity would hold EUR3.34 billion in assets under custody and EUR1.83 billion in assets under administration.

The transaction, which requires customary approvals and the sign-off from the relevant works councils, is expected to take place by end of 2019.

"It is anticipated that the impact on both capital and on earnings per share will not be material for both parties," the lenders said.



Write to Donato Paolo Mancini at [e-mail]; @donatopmancini



(END) Dow Jones Newswires

April 17, 2019 02:01 ET (06:01 GMT)

[la forge] 16/4/2019 10:18

15/05/19 | 07:00 Q1 2019 Publication of results

[casual47] 13/4/2019 19:17

Looks like Mr. Odey is still long on Aacia and still prepared to put up a fight to make sure minority shareholders get a good deal:

From the FT couple of weeks ago:


The biggest long positions in the Odey fund — which is seeded by the hedge fund’s Brexit-backing founder, Crispin Odey — would be French power producer EDF and German energy company Uniper, Mr Steel said. It will also be investing in Canada’s Barrick Gold and Tanzania-focused gold miner Acacia Mining, which is majority-owned by Barrick.

The fund will also look to engage regularly with management of the companies in its portfolio, according to Mr Steel.

Odey has been heavily engaged with London-listed Acacia Mining, whose parent Barrick is trying to negotiate a resolution to its long-running dispute with the Tanzanian government over its tax bill.

Odey has said that Barrick should not be able to vote on any deal that is secured because of its position as both a negotiator and a majority shareholder.

[maywillow] 12/4/2019 14:55

15 May
2018 first quarter results
Blackout period: 17 April 2018

[casual47] 09/4/2019 14:07

Anyone know what happened to Crispin Odey's action re. that Barrick should not be allowed to participate in voting for any deal they helped negotiate? Is he still a holder?

[redhill] 09/4/2019 08:04

No they probably don't but post is relevant. I have no position here.

[trader365] 08/4/2019 20:34

BB posts have no bearing on share price action

[redhill] 08/4/2019 19:45

Resolution in 4- 6 weeks apparently according to a government official.

[borisjohnsonshair] 08/4/2019 16:11

I'm just being a spastic like Plat on another board. Know nothing about this

[borisjohnsonshair] 08/4/2019 16:10

This stock has some serious problems. Production grinding to a halt, bad grades, idiot investors a daft PE. Very little hope of growth and no money for dividend. Dead duck

[plat hunter] 08/4/2019 07:03

Good skills trader

[trader365] 08/4/2019 04:42

I'm here from 150p

[plat hunter] 06/4/2019 11:07

Anyone here hold or follow CEY any mention of ACA over there, just gets ignored.

[adrian j boris] 02/4/2019 11:11

Analyst consensus at 01/04/19

objective 3 months: 14.02 EUR - Potential: 26.43%

[maywillow] 16/3/2019 06:37

PARIS (Agefi-Dow Jones) - Crédit Agricole announced Friday the sale of a 4.9% stake in the Saudi banking group Banque Saudi Fransi (BSF) to a consortium of investors led by the US investment firm Ripplewood for 1.86 billion Saudi Riyals, or about 440 million euros.


With this sale, Crédit Agricole reduces its stake in the Saudi bank to 10% stake, the bank said in a statement. The French bank said it could sell an additional 6% stake in BSF to Ripplewood for 510 million euros under a warrant that could be exercised by the end of December 2019.


Crédit Agricole has indicated that the possible sale of 10.9% of BSF's share capital in the context of these transactions would "have a positive impact of more than 15 basis points on Crédit Agricole SA's non-phased CET1 ratio and more than 10 basis points on that of the Crédit Agricole Group ".


The French banking group, which has been present in Saudi Arabia since 1949 and has been associated with the BSF since its creation in 1977, has pointed out that the sale of BSF was "part of the continuation of its strategy of reducing the weight of its minority interests ".


-JérômeBatteau, Agefi-DowJones; 01 41 27 47 93; [e-mail]


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


March 15, 2019 22:09 ET (02:09 GMT)

[p winky] 06/3/2019 06:37

We seem to have found a support level .

[the grumpy old men] 01/3/2019 10:21

Crédit Agricole: HSBC confirms its recommendation to purchase and its target price of EUR 14.

[la forge] 25/2/2019 07:42

Credit Agricole SA's (ACA.FR) asset-servicing subsidiary Caceis said Monday that it has agreed to pay 188 million euros ($213 million) for Netherlands-based KAS Bank NV (KA.AE).

Kas Bank's management and supervisory boards unanimously support the offer, which is set to close in the third quarter, Caceis said.

Both companies provide financial services to a customer base of professional investors such as asset managers and investment funds.

Caceis said the transaction will both reinforce its position in the Netherlands, and enhance its ability to service pension funds and insurance companies.



Write to Nathan Allen at [e-mail]



(END) Dow Jones Newswires

February 25, 2019 02:19 ET (07:19 GMT)