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.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.