BPCE says not intending to file draft tender offer on Natixis shares

Credit: REUTERS/Charles Platiau

PARIS, July 17 (Reuters) - French co-operative lender BPCE said on Friday that it did not intend to file a tender offer for Natixis shares after a media report said that it had explored buying the 30% of Natixis SA CNAT.PA it does not already own.

"Following recent press rumours, BPCE indicates that it does not intend to file a draft tender offer on the Natixis shares, it being reminded that BPCE regularly conducts strategic analysis on possible changes in the organisation of the group," BPCE said in a statement.

The Financial Times had earlier reported that the deal was at an early stage and that other options were also being considered with no guarantee that a bid for Natixis shares would occur. ID:L3N2EO35V

(Reporting by Maya Nikolaeva; editing by John Irish)

((john.irish@thomsonreuters.com; 0033-1 49 49 53 42;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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