BPCE-backed Caisse d'Epargne completed the acquisition of Bank Nagelmackers from Dajia Insurance for €500m.

BPCE-backed Caisse d'Epargne, group of French savings banks, completed the acquisition of Bank Nagelmackers, the oldest bank in Belgium, from Dajia Insurance, an insurance services provider, for €500m. "The Nagelmackers acquisition project represents a new major step in our pragmatic and entrepreneurial development in Belgium, where we have been operating for 10 years. In this way, we wish to preserve the know-how, corporate culture and brand that have made Nagelmackers successful and renowned, while giving it the human, technical and financial resources to accelerate its development. We would be committed to a significant growth process for Nagelmackers, its customers and its employees," Laurent Roubin, Caisse d'Epargne Hauts de France Chairman of the Board of Directors.