CNP Assurances (CNP) has exercised the put option on its 11.34% interest in NGAM, as provided for in the addendum to the memorandum of understanding concluded between CNP and the Caisse Nationale des Caisses d’Epargne (CNCE)
in 2007.

The decision was made purely for asset management reasons and will have no impact on the operating relationship between the two companies. NGAM will continue to manage CNP Assurances’ life insurance assets generated by the Savings Banks network as well as other portfolios.


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