Magazine date:
Oct 2021 
La Banque Postale (LBP) intends to acquire 21.1% of CNP Assurances' capital for 21.9 EUR (24.3 USD) per share. For this purpose, the banking institution is conducting negotiations with the BPCE group for the purchase of its entire 16.1% stake in the insurer's capital.
This transaction, subject to the approval of the relevant authorities, would raise LBP's stake in the capital of CNP Assurances to 78.9%.
The French bank intends to file a simplified tender offer for the remaining 5% of the insurance company's minority shareholders.
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