ALERTS: MERGERS - FRANCE - INSURANCE - BANKING SECTOR – CLEARANCE - SOLE CONTROL

Clearance: The French Competition Authority clears the creation of a public bancassurance centre (La Poste, CNP Assurances / La Caisse des dépôts et consignations)

*This article is an automatic translation of the original article in French, provided here for your convenience. Read the original article. On 21 February 2020, the Competition Authority made public 6 new merger clearance decisions. These decisions include Decision No. 19-DCC-270 of 30 December 2019. in favour of which the French Competition Authority has unconditionally authorised, on the one hand, Banque Postale to take control of CNP Assurances and, on the other hand, Caisse des Dépôts et Consignations to hold sole control of the La Poste group from now on, which in practice results in the acquisition of sole control of La Poste group and CNP Assurances by Caisse des Dépôts et Consignations, as a result of the latter's acquisition of [60-70%] of the capital and voting rights of La

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Clearance: The French Competition Authority clears the creation of a public bancassurance centre (La Poste, CNP Assurances / La Caisse des dépôts et consignations), 30 December 2019, Concurrences N° 1-2020, Art. N° 93503, www.concurrences.com

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