BPCE : Caisses d'Epargne Participations sells its indirect equity interest in CNP Assurances to BPCE

Fri. July 31, 2009; Posted: 12:22 PM

Paris, Jul 31, 2009 (Hugin SAS via COMTEX) -- CNPAF | Quote | Chart | News | PowerRating -- BPCE, the central body of Groupe BPCE, the new co-operative banking group comprising the Banques Populaires and Caisses d'Epargne networks and other affiliated credit institutions, has acquired all of the registered capital and voting rights in Holassure from Caisses d'Epargne Participations(1) for the sum of E1,768,000,000. This transaction follows BPCE's receipt of various assets transferred by the Caisse Nationale des Caisses d'Epargne (CNCE) and the Banque Fédérale des Banques Populaires (BFBP).

Holassure was wholly-owned by CNCE and possesses 49.98% of the registered capital of Sopassure, which itself holds 35.48% of the registered capital (52,705,478 shares) of CNP Assurances. Banque Postale owns the other 50.02% of Sopassure. The balance of CNP Assurances' share ownership remains intact.

The commercial agreements signed between CNP Assurances and the Caisses d'Epargne and certain Groupe Caisse d'Epargne credit institutions are also transferred to Groupe BPCE.

(1) Caisses d'Epargne Participations is the new name of Caisse Nationale des Caisses d'Epargne (CNCE) following the partial business transfers made by CNCE to BPCE today. Caisses d'Epargne Participations is owned by all the Caisses d'Epargne and affiliated to the new central body. It houses Groupe Caisse d'Epargne assets that have not been transferred or sold to BPCE

Contacts presse BPCE Thierry Martinez : 01 58 40 43 13 Sonia Dilouya : 01 58 40 58 57 presse@bpce.fr

www.bpce.fr

Information réglementée : Type : Nouvelle information Thème(s): Communiqués au titre de l'obligation d'information permanente - Autres communiqués

This announcement is originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

[CN#156812]

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