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“We do not need the Stock Exchange to ensure the development of Natixis”

BPCE, the central body of Banques Populaires and Caisses d’Epargne, announced Tuesday evening the delisting of its subsidiary Natixis, for an amount of 3.7 billion euros. Its chairman of the board, Laurent Mignon, explains the reasons for this strategic turn.

Why do you want to take Natixis off the market?

We have decided to initiate a major group simplification project by launching an offer on the 29.3% of the capital held by minority shareholders. This operation is part of the strategic plan that we will present in June. Our goal is to make BPCE the leading unlisted banking group in Europe and to give our businesses all the leeway they need. The operation goes in the direction of the history of the group because the links have continued to strengthen between the networks of the Banque Populaire banks and Caisses d’Epargne and the businesses. After the specialized financing integrated in 2018, this time we integrate insurance and payments.

BPCE, the central body of Banques Populaires and Caisses d’Epargne, announced Tuesday evening the delisting of its subsidiary Natixis, for an amount of 3.7 billion euros. Its chairman of the board, Laurent Mignon, explains the reasons for this strategic turn.

Why do you want to take Natixis off the market?

We have decided to initiate a major group simplification project by launching an offer on the 29.3% of the capital held by minority shareholders. This operation is part of the strategic plan that we will present in June. Our goal is to make BPCE the leading unlisted banking group in Europe and to give our businesses all the leeway they need. The operation goes in the direction of the history of the group because the links have continued to strengthen between the networks of the Banque Populaire banks and Caisses d’Epargne and the businesses. After the specialized financing integrated in 2018, this time we integrate insurance and payments.

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