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Article: CNP Assurances Announces the Acquisition of 49.9% of Ecureuil Vie for EUR1.4 Billion.
- Article from:
- PR Newswire
- Article date:
- October 10, 2006
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Accretive Impact on Earnings per Share From the Acquisition Date
Estimated First-Year Accretion: 3%
CNP's Strong Financial Position Maintained After the Acquisition
PARIS, October 10 /PRNewswire-FirstCall/ -- At its meeting on 10 October, the CNP Assurances Supervisory Board approved the terms of acquisition of 49.9% of Ecureuil Vie from the Caisse d'Epargne Group, raising CNP's interest in this fully-consolidated subsidiary from 50.1% to 100%.
In line with the announcement made in May 2006, the shares will be acquired directly from the Caisse d'Epargne Group for EUR1,406 million. Half of the transaction price will be financed by ...