PARIS, 26-6-2015 — /EuropaWire/ — Groupe BPCE announces the signing of an agreement with Malacalza Investimenti regarding the disposal of a 4.66% stake in Banca Carige for a total consideration of Euro 32.7 million.
Following this transaction, Groupe BPCE will hold a 5.1% stake in Banca Carige.
This transaction is part of Groupe BPCE’s strategy of reducing or selling its stakes in non-core assets.
Barclays and Natixis have assisted Groupe BPCE in the context of this transaction.
About Groupe BPCE
Groupe BPCE, the 2nd-largest banking group in France, includes two independent and complementary cooperative commercial banking networks: the network of 18 Banque Populaire banks and the network of 17 Caisses d’Epargne. It also works through Crédit Foncier in the area of real estate financing. It is a major player in Wholesale Banking, asset management and financial services with Natixis. Groupe BPCE serves more than 36 million customers and enjoys a strong presence in France with 8,000 branches, 108,000 employees and more than 8.9 million cooperative shareholders.
Groupe BPCE press contacts
Christophe GILBERT : 33 (0) 1 40 39 66 00 / 33 (0)6 73 76 38 98