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Article: CNP Assurances and Groupe Caisse d'Epargne Complete the Ecureuil Vie Transaction.
- Article from:
- PR Newswire
- Article date:
- February 20, 2007
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PARIS, February 20 /PRNewswire-FirstCall/ -- CNP Assurances and Groupe Caisse d'Epargne have today completed the purchase by CNP Assurances of the 49.9% of Ecureuil Vie held by Groupe Caisse d'Epargne. The transaction was envisioned in the letter of intent covering Caisse des Depots et Consignations' withdrawal from the capital of Caisse Nationale des Caisses d'Epargne (CNCE)[1] and was completed on the terms agreed between CNP Assurances and CNCE, as approved by their respective Supervisory Boards on 14 September[2] and 10 October[3] 2006.
The acquisition price of EUR1,406 million was adjusted to take into account the impact of changes in the financial markets ...