A few weeks before the effective combination with CNP, La Banque Postale (LBP) has reached new steps towards the achievement of this process. In parallel with the possible acquisition of the retail banking business of HSBC France, the bank has become the unique shareholder of LBP IARD, confirming that this business will be transferred to CNP in a few years. LBP has stabilised CNP’s governance with the renewed shareholders’ agreement with BPCE until 2030 and intends to create, with
23 Dec 2019
The last retouches before the LBP–CNP combination
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The last retouches before the LBP–CNP combination
- Published:
23 Dec 2019 -
Author:
Bassem Neifer -
Pages:
3
A few weeks before the effective combination with CNP, La Banque Postale (LBP) has reached new steps towards the achievement of this process. In parallel with the possible acquisition of the retail banking business of HSBC France, the bank has become the unique shareholder of LBP IARD, confirming that this business will be transferred to CNP in a few years. LBP has stabilised CNP’s governance with the renewed shareholders’ agreement with BPCE until 2030 and intends to create, with