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Article: Banques Populaires/Caisse d'Epargne Ties With CNP Assurances to Continue Unchanged.
- Article from:
- Science Letter
- Article date:
- March 10, 2009
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On 24 February 2009, during the meeting of CNP Assurances'
Board of Directors, the director representing Caisse Nationale des Caisses d'Epargne (CNCE) informed the Company that the CNCE had decided to transfer its CNP Assurances' shares to the new central body of the merged Caisses d'Epargne and Banques Populaires groups (see also CNP Assurances).
Noting that the two banking groups viewed the stake in CNP Assurances as a long-term strategic asset and that they had no intention of selling it, he stated that the transfer of the shares to the new central body would in no way alter the contractual relationship between the Savings Banks and CNP Assurances, or ...