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3 Min Read MILAN (Reuters) -Credit Agricole Italia secured majority support for a $1 billion takeover of rival bank Creval on Wednesday, after agreeing to pay the maximum price regardless of acceptance levels for its offer. FILE PHOTO: A branch of Credit Agricole bank is seen in Warsaw, Poland, July 3, 2018. REUTERS/Marcin Goclowski/File Photo A low take-up had threatened to thwart plans by France’s second-largest bank Credit Agricole to cement its presence in Italy’s consolidating banking sector, which is its biggest foreign market. As of Tuesday, which was due to be the second-to-last day for the offer, take-up stood at 22.6% of the shares targeted by the bid despite an improved offer price last week.

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