Core Viewpoint - Lactalis is facing allegations from over 500 employees regarding underpayment of profit bonuses, which the company disputes [1][2]. Group 1: Allegations and Employee Impact - More than 500 current and former employees have filed a case with the National Financial Prosecutor's Office, claiming misrepresentation of annual profits by Lactalis [1]. - The affected workforce could potentially number around 16,000, with losses to bonuses estimated in the "hundreds of millions" of euros [2]. Group 2: Financial Disclosures and Company Response - Lactalis, while privately owned, does periodically disclose financial accounts, but has faced criticism for lack of transparency in the past [3]. - The company acknowledged its financial disclosures and stated that statutory accounts are filed with the Paris Economic Court [3]. Group 3: Recent Financial Performance - In its most recent accounts for 2024, Lactalis reported revenue exceeding €30 billion ($34.1 billion) for the first time, while net profit dropped 19% to €359 million due to a tax settlement with French authorities [4]. - The tax settlement amount was previously revealed as €475 million, which Lactalis claims is unrelated to employee profit bonuses [5]. Group 4: Legal and Public Relations Context - Lactalis referred to a group called Justice for Our Bonuses, which claims that profit-sharing bonuses have been unfairly reduced over the years [6]. - The company countered that the association lacks standing to conduct a class action and that civil and criminal proceedings are underway against such practices [6].

Core Points - Crédit Agricole S.A. completed a capital increase reserved for its 190,000 employees and retired former employees, raising a total of €294.5 million from 37,533 subscribers [2][3] - The capital increase offered a 20% discount on the share price, based on the average opening prices from 26 May to 20 June 2025 [3] - A total of 22,886,191 new shares were issued, increasing the total number of shares to 3,048,788,541 [3] Group 1 - The capital increase will be followed by a share buyback operation to offset its dilutive effect, pending approval from the ECB [4] - The initiative is part of the Group's employee profit-sharing policy, benefiting employees with a minimum of three months' service in France and 22 other countries [4] - Employees will retain their assets in their company savings plan (PEE) in France [4]

Core Viewpoint - Crédit Agricole S.A. is launching its annual capital increase reserved for employees, allowing eligible employees and retired former employees to subscribe to new shares at a discounted price [1][2]. Group 1: Capital Increase Details - The capital increase is reserved for 190,000 eligible employees and retired former employees of the Crédit Agricole Group [2]. - The subscription price for the new shares will be set at the arithmetic mean of the opening share prices from May 26 to June 20, 2025, with a 20% discount applied [2]. - The subscription period is scheduled to start on June 24, 2025, and end on July 8, 2025 [2]. Group 2: Share Issuance and Financial Impact - New shares will be issued on August 28, 2025, and will qualify for dividends related to the 2025 financial year [3]. - A maximum of 32 million shares may be issued, with a total par value of €96 million [3]. - Following the capital increase, a share buyback operation will be conducted to mitigate the dilutive effect, pending approval from the European Central Bank (ECB) [3]. Group 3: Employee Profit-Sharing Policy - This capital increase is part of Crédit Agricole Group's policy on employee profit-sharing linked to financial performance [3].