Belonging to the public sphere

CNP Assurances is backed by a solid shareholder base with a public majority.

According to the BPCE group's announcement of December 16, 2021, the breakdown of CNP Assurances' capital is as follows:

  • La Banque Postale (1) : 78.9
  • Institutional and individual shareholders : 78.9


Changes in shareholding structure

Four historical shareholders have accompanied CNP Assurances in the development of its multi-partnership model since its IPO in 1998: Caisse des Dépôts, La Banque Postale, the BPCE group and the French State. 

On March 4, 2020, as part of the creation of a major public financial institution, La Banque Postale acquired the shares held by the French State and Caisse des Dépôts.

On October 28, 2021, La Banque Postale announced its plan:

  1. to acquire the CNP Assurances shares held by Groupe BPCE
  2. to file a simplified tender offer with the AMF for the minority shareholders of CNP Assurances at a price of €21.90 per share, with a view to a compulsory delisting, if the conditions are met.

On December 16, 2021, the BPCE group announced the sale of its stake in CNP Assurances to La Banque Postale, as announced on October 28, 2021.