Press release
La Banque Postale and Groupe BPCE intend to streamline their shareholding relationships and strengthen their industrial partnerships
La Banque Postale, a public banking group, and Groupe BPCE are planning to streamline and simplify all their shareholding and industrial partnerships. As initiated by LBP, both parties have signed a memorandum of understanding, subject to obtaining the necessary authorizations from the competent regulatory authorities for insurance or, as applicable, asset management activities or for merger control, and subject to works councils’ consultation process.