- Natixis, the French investment bank, has agreed to sell several of its specialised finance businesses to its parent company Groupe BPCE for $3.1 billion.
- The assets to be sold to BPCE are its consumer financing, factoring, leasing, sureties and guarantees, and securities services businesses.
- Natixis have stated that the deal would leave it with a spending budget of $2.9 billion for acquisitions over the 2018-2020 period.
- The transaction is expected to close in the first quarter of 2019, subject to regulatory approval.
Prin Shasiharan - Researcher