Opening of the simplified tender offer for CNP Assurances shares

Following the obtention of required regulatory approvals, La Banque Postale announces today that the simplified tender offer for CNP Assurances shares that it filed on 16 March 2022 ("Offer") will be open from 2 May 2022 (inclusive) to 31 May 2022 (inclusive).

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The Offer was declared compliant by the Autorité des Marchés Financiers ("AMF") on 26 April 2022. On 29 April, the AMF published a notice for the opening of the Offer, after having affixed its visa on La Banque Postale's offer document and CNP Assurances' response document, numbered 22-122 and 22-123 respectively, on 26 April. The Offer documentation is also available on the AMF’s website

  • The Offer price of EUR 20.90 per share (EUR 1 dividend coupon detached) represents a premium of 36% over the pre-announcement share price
  • The Offer was considered in the interests of CNP Assurances, its shareholders and its employees by the Board of Directors of CNP Assurances
  • La Banque Postale intends to implement a mandatory squeeze-out procedure in the event that the minority shareholders do not hold more than 10% of the share capital and voting rights following the Offer

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