The French Competition Authority clears, subject to conditions, the acquisition of a public development bank (Caisse des Dépôts et Consignations / Société de Financement Local)

The Autorité clears, subject to conditions, the acquisition of Société de Financement Local by Caisse des Dépôts et Consignations* On 24 July 2020, the Caisse des Dépôts et Consignations (CDC) notified the Autorité de la Concurrence of its plans to acquire Société de Financement Local (SFIL). The parties The Caisse des Dépôts et Consignations is a public institution that carries out missions of public interest in support of the public policies implemented by the State and local government bodies. CDC’s activities are open to competition and focus around four areas: the environment, real estate, investment and private equity services. Established by the French Act of 28 April 1816, CDC was placed “under the supervision and guarantee of

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French Competition Authority, The French Competition Authority clears, subject to conditions, the acquisition of a public development bank (Caisse des Dépôts et Consignations / Société de Financement Local), 21 September 2020, e-Competitions September 2020, Art. N° 96842

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