La Banque Postale to acquire the remaining 37% stake in CNP Assurances from Groupe BPCE for $6.3bn.

La Banque Postale, a public banking group, agreed to acquire the remaining 37% stake in CNP Assurances from Groupe BPCE, a French banking group, for $6.3bn. "We are delighted to write this new page of La Banque Postale and CNP Assurances’ history, alongside our historical partner Groupe BPCE. The simplification of CNP Assurances’ shareholding structure will allow us to reinforce the efficiency of our bancassurance model, and to accelerate its expansion, in accordance with its multi-partnership and international model. I fully trust all CNP Assurances’ employees, under Stéphane Dedeyan’s leadership, and under the chair of Véronique Weill, to support an ambitious development plan alongside the broader group’s teams," Philippe Heim, La Banque Postale Chairman of the Board of Directors.