Auchan Holding sold a 50.1% stake in its portfolio company Oney Bank, which provides various banking products and services, to BPCE, the 2nd largest banking group in France. Financial terms were not disclosed. For Laurent Mignon, Chairman of the Management Board and CEO, Groupe BPCE: “This partnership project marks a significant stage in Groupe BPCE’s European development ambitions. It is based on comprehensive strategic alignment, strong fit between our solutions and distribution channels, and shared long-term vision. I am particularly glad and confident that the Group is teaming up with a recognized player whose history and culture are perfectly in line with our own cooperative values. By harnessing our group’s strengths, Oney will have the means to continue its expansion as Groupe BPCE’s international retail bank.”