Paris, July 12th, 2021 Termination of liquidity contract Following BPCE’s announcement on July 8th, 2021 of the acquisition of more than 90% of the share capital and voting rights of Natixis as part of its simplified tender offer which will enable the implementation of a squeeze-out procedure for Natixis shares, Natixis terminated the liquidity contract entered into with Oddo BHF on June 27th, 2018 and amended on March 18th, 2019. This termination took effect on July 9th, 2021. At the start of t
PARIS (Reuters) -French bank BPCE, which is in the process of delisting its Natixis investment banking arm, announced plans on Thursday to increase profits by 2024, partly by increasing its focus on sustainable investing. BPCE said plans to diversify Natixis' business lines should result in around 500 million euros ($590 million) of additional revenues for Natixis Corporate & Investment Banking in 2024. It would also put environmental, social and governance (ESG) work at the centre of its asset management and insurance arms, targeting more than 600 billion euros in assets under management in the sustainable or impact investing category for Natixis Investment Managers, representing 50% of total assets under management by 2024.
Paris, July 8th, 2021 Strong growth ambitions for Natixis’ business lines at the heart of the “BPCE 2024” strategic plan Groupe BPCE presents today its new strategic plan “BPCE 2024.” This business development plan is based on three strategic priorities (Winning Spirit, Customers, Climate) and three key principles (Simple, Innovative, and Secure), and incorporates strong ambitions for its core business lines: Retail Banking & Insurance and Global Financial Services. Natixis’ business lines are f