Illes Balears has announced that French company Caisse d'Epargne will be the co-sponsor of its ProTeam in 2005 and 2006. The National savings bank, third bank of France, has decided to invest in pro cycling with the objective of reinforcing its expansion campaign and its branding values.
Following the sponsorship agreement, the team will officially be called Team Illes Balears-Caisse d'Epargne for the first two seasons of the UCI ProTour. Its racing programme will of course include the ProTour races, but also most of the Spanish and French races. Illes Balears and Caisse d'Epargne have furthermore announced their willingness to extend their partnership beyond 2006.