Le Monde has revealed that La Poste is to seek an exemption for a full takeover of CNP to create the French public financial pole. If it went ahead, La Banque Postale would improve its figures significantly and CNP would benefit from the bank’s Non-Life portfolio (an additional €200m in net income by 2020). In our opinion, this marriage remains unfavourable to CNP and represents a real curb to its strategy. Our valuation already takes into account the discount markets could apply t
03 Jan 2019
Alert to CNP’s minority shareholders
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Alert to CNP’s minority shareholders
- Published:
03 Jan 2019 -
Author:
Bassem Neifer -
Pages:
3
Le Monde has revealed that La Poste is to seek an exemption for a full takeover of CNP to create the French public financial pole. If it went ahead, La Banque Postale would improve its figures significantly and CNP would benefit from the bank’s Non-Life portfolio (an additional €200m in net income by 2020). In our opinion, this marriage remains unfavourable to CNP and represents a real curb to its strategy. Our valuation already takes into account the discount markets could apply t