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Laurent Mignon: "There will be no second offer for the takeover bid on Natixis"

2021-06-21T05:41:47.477Z

INTERVIEW - The Chairman of the BPCE Management Board wants to complete the construction of the banking group.



BPCE, which oversees the Caisses d'Epargne, Banques Populaires and Natixis, launched on June 4 a takeover bid to buy the 29% of Natixis' capital listed on the stock exchange.

LE FIGARO.- The takeover bid for Natixis will end on July 1.

It will be followed by delisting if BPCE manages to hold at least 90%.

Do you think you will reach this threshold?

Laurent MIGNON.-

I am confident because the offer is going well.

Since the opening of the operation on June 4, the Natixis share has been quoted at the tender offer price of 4 euros, which means that institutional investors consider it a good price.

Despite the recent rebound in banking stocks, it still offers a significant premium over the sector.

The FCPEs (company mutual funds) of BPCE group and Natixis employees have decided to tender their shares to the offer.

There will be no second offer or price increase.

Read also:

Mutual banks reign supreme in France

What about the small shareholders who bought their shares in 2006 at 19.55 euros and from whom

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Source: lefigaro

All business articles on 2021-06-21

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