Crédit Mutuel to acquire Protection 24 from BNP Paribas.

Crédit Mutuel, a private equity firm, agreed to acquire Protection 24, a company developing remote surveillance, from BNP Paribas, a French international banking group. Financial terms were not disclosed. “After the payments deal with Lyf, this strategic partnership will further consolidate relations between our two groups. This industrial project will enhance capacity for both our groups to offer customers high-quality remote surveillance solutions, together with continued growth prospects in France and Belgium," Thierry Laborde and Marguerite Bérard, BNP Paribas Deputy COO and Head of French Retail Banking.