Crédit Agricole Assurances announces its acquisition of a 40.1% stake in MSSFH, the holding company that owns Pisto
Crédit Agricole Assurances is announcing that it has acquired 40.1% of MSSFH, the holding company that owns Pisto, from funds managed by Macquarie Infrastructure and Real Assets.
Pisto is France's leading independent oil services and storage group, covering all segments of the value chain. It operates two key import-export oil terminals at Le Havre port and has a 32% stake in the Trapil group, which owns and operates various pipelines. Pisto also owns six storage depots for refined products in the Paris region and Western France.
This operation is in line with Crédit Agricole Assurances' long-term investment and diversification strategy.