Planned transfer to BPCE of Natixis’ Insurance and Payment businesses

As announced by BPCE and Natixis in the context of the strategic plan finalized on July 8, 2021, Groupe BPCE plans an evolution of its organisation by combining the Natixis SA’s Insurance and Payment businesses to BPCE.

This project aims to enhance the development of all Groupe BPCE’s businesses by providing them with the means to increase their strategic flexibility, accelerate their development to the benefit of their customers and their performance, by simplifying its organisation.

BPCE’s supervisory board and Natixis’ board of directors which met today unanimously approved in principle this planned transaction, it being specified that in accordance with applicable laws, only the independent directors of Natixis took part to this vote.

The employee representative bodies involved within Groupe BPCE will be consulted on this planned transaction, in accordance with applicable regulations.

The completion of this transaction would be subject to the obtention of the necessary regulatory authorisations and could occur towards the first quarter of 2022.