Credit Agricole Sa: Crédit Agricole Transitions & Energies becomes a majority shareholder in COMWATT, a specialist in energy optimisation

Core Viewpoint - Crédit Agricole Transitions & Énergies has acquired a majority stake in COMWATT, enhancing its solar energy optimization services and supporting customers in decarbonization efforts [2][3]. Group 1: Acquisition Details - The acquisition of COMWATT, based in Montpellier, France, aligns with Crédit Agricole Transitions & Énergies' goal to develop solutions for customers to manage energy costs and decarbonize [2]. - The transaction will not significantly impact the CET1 ratio of Crédit Agricole S.A. [3]. Group 2: Company Profiles - Crédit Agricole Transitions & Énergies is a subsidiary of Crédit Agricole Group, focusing on financing renewable energy projects and providing energy efficiency solutions to various customer segments [4]. - COMWATT, established in 2013, specializes in intelligent energy management solutions and has a user base of 35,000, helping them improve energy independence [5].