Crédit Mutuel Arkéa to acquire Keytrade Bank
9 December 2015 – On 7 December 2015, Belgian bank Crelan and French bank Crédit Mutuel Arkéa entered into an exclusivity agreement in view of the acquisition by the latter of all of Belgian online banking leader Keytrade Bank’s activities, including in Switzerland. The transaction is to be implemented in the course of the first quarter of 2016 and will enable Crédit Mutual Arkéa to continue its expansion in all fields of digital banking.
Walder Wyss acts as Swiss legal advisor to Crédit Mutuel Arkéa. The team is being led by Luc Defferrard (Partner, Corporate/M&A and Banking & Finance) together with Thomas Müller (Partner, Banking & Finance) and further includes Tervel Stoyanov (Associate, Banking & Finance), Alexandre Both (Managing Associate, Banking & Finance), Simone Wetzstein (Associate, Employment), Dirk Spacek (Associate, IP/IT), Hubertus Hillerström (Managing Associate, Banking & Finance), Louis Christe (Trainee, Banking & Finance) and Fabian Glässer (Associate, Banking & Finance).