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Mergers & AcquisitionsMedium•30 April 2026•

1 min read

Crédit Agricole Finalizes Milleis Group Acquisition to Strengthen Wealth Management

Key Facts

1LCL and Crédit Agricole Assurances finalized the joint acquisition of Milleis Group from investment fund AnaCap.

2The deal involved LCL acquiring the entire group and subsequently selling the insurance arm Milleis Vie to Crédit Agricole Assurances.

Crédit Agricole subsidiaries LCL and Crédit Agricole Assurances have officially finalized the joint acquisition of Milleis Group from the investment fund AnaCap. The transaction was structured with LCL acquiring the entire group before subsequently selling the insurance arm, Milleis Vie, to Crédit Agricole Assurances. This strategic move is designed to bolster LCL's wealth management division and expand the insurance capabilities of the broader Crédit Agricole network. By integrating Milleis, the French banking giant aims to solidify its competitive position within the premium financial services market. While the acquisition is now complete, the specific financial terms of the deal were not disclosed to the public. This expansion underscores the group's commitment to scaling its asset management and private banking operations.