La Banque Postale plans to take control of CNP Assurances

CNP Assurances Groupe La Poste

On 28 October, La Banque Postale (LBP) announced its plan to acquire the shares of CNP Assurances held by Groupe BPCE (16.1% of the capital). In a second phase*, it will file a simplified tender offer for the minority shareholders of CNP Assurances (21.1% of the capital). LBP currently holds 62.8% of the capital of CNP Assurances.

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* With AMF (Autorité des marchés financiers), the French public authority responsible for ensuring that savings invested in financial products are protected, providing investors with adequate information and supervising the orderly operation of markets.