La Banque Postale already held just over 85% of the capital of CNP Assurances. La Banque Postale holds more than 97% of the shares of CNP Assurances at the close of the takeover bid launched on May 2, announced the Autorité des marchés financiers (AMF) on Friday, paving the way for the insurer to be … Read more
CNP Assurances announced Thursday a net profit in the first quarter up 2.7% year on year, to 316 million euros, however reduced by provisions. The group has in fact endowed theprovision for surplus participation“of 172 million euros, “out of caution” and “given the uncertainties that may arise between now and the end of the year“Commented … Read more
The subsidiary of La Poste wants to buy back the 15% stake in the insurer that it does not yet hold. Last straight line for the takeover of CNP Assurances by La Banque Postale. The young bank launched its simplified takeover bid on Monday for its subsidiary, a French heavyweight in life insurance (1.55 billion … Read more