CNP Assurances : Review of the potential Banque Postale / CNP Assurances transaction
La Banque Postale announced that it plans to acquire the CNP Assurances shares held by Groupe BPCE (a 16.1% of the capital), which would bring LBP's stake to 78.9%, and to file a simplified takeover bid for CNP Assurances' minority shareholders with the AMF at a price of €21.90 per share, with a view to a compulsory delisting, if the conditions are met. Subject to obtaining necessary regulatory approvals and the AMF's compliance decision, the offer is expected to open in Q1 2022....CNP Assurances is an insurance company. Co. designs, develops, distributes and manages savings, pension & personal risk, and term creditor products. Co. offers savings products and insurance against the risks of everyday life to its customers. Co.'s operations are organized along three business segments. The Savings business concerns products enabling policyholders to build up capital which they can cash in. The Pensions business concerns products designed to enable policyholders to receive an annuity or lump sum on retirement. The Personal Risk business includes products enabling policyholders to insure against the risks of death, accident or illness, property damage or liability claims.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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