BPCE acquisition of 50.1% in Oney Bank

11/2/2019

Private acquisition

Status:

Announced

Date:

11/2/2019

Overview:

BPCE acquired a 50.1% stake in Oney Bank from Auchan Holding.
BPCE is the second-largest banking group in France and the fourth-largest in the eurozone.
Oney is an international bank with experience in payment solutions, financing, digital identification, and insurance.

Jurisdiction:

France

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

France

Industry sector:

Banking

Firms:

Cleary Gottlieb Steen & Hamilton

Party: Groupe BPCE (Acquirer)

Lawyer: Pierre-Yves Chabert

Latham & Watkins

Party: Auchan Holding (Seller)

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