Investor Presentaiton
LA
PROJECTED TRANSACTION: ACQUISITION OF CNP SHARES NOT
ALREADY OWNED BY LA BANQUE POSTALE
DESCRIPTION OF THE PROJECTED TRANSACTION
TRANSACTION SCHEME (1)
BANQUE
POSTALE
Strengthening of La Banque Postale shareholding into CNP
Assurances share capital:
-
Acquisition of shares owned by BPCE Group (16.1%) by La Banque Postale
Launch of a simplified public tender offer on the 21.1% remaining shares which would be followed by a
squeeze-out and delisting of CNP Assurances shares
Depending on the success of this transaction, La Banque Postale
would transfer its non life insurance activities to CNP Assurances
making it the one-stop shop for the Group's life and non-life insurance businesses
In addition, BPCE Group committed to extend the duration of its
distribution agreements with CNP Assurances
Investor presentation / December 2021
LA
GROUPE
BANQUE
POSTALE
BPCE
Free
float
62.8%
16.1%
21.1%
CNP
assurances
Distribution
agreements
(1) Depending on the success of the simplified public tender offer
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