As part of the constitution of a large state-owned financial group announced by CNP Assurances public sector shareholders on August 30, 2018, France’s securities regulator (the AMF) granted the requested waivers on June 25, 2019 with respect to the requirement to launch a takeover bid for CNP Assurances’ shares within the framework of transactions aiming at providing La Banque Postale with a majority stake its share capital.
La Banque Postale has announced its decision to terminate the shareholders’ agreement entered into with Caisse des Dépôts, the French State and BPCE with effect on December 31, 2019.
CNP Assurances confirms the terms of its press release published on June 4, 2019, following the meeting of the Board of Directors held on the same day, during which the Board concluded unanimously that the operation was in in the corporate interests of CNP Assurances.
The Company reaffirms to place itself on a path for growth in accordance with its multi-partner and international business model, in the interests of all shareholders, using corporate governance rules aiming at guaranteeing the rights of all CNP Assurances’ partners.
It will inform its shareholders, especially following the discussions currently underway among its major shareholders, within the perspective of a new shareholders’ agreement.