The Service of the Commission for the Protection of Competition has received a notification of a concentration from Caisse des Depots et Consignations according to Section 10 (4) of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition of La Poste S.A. and CNP Assurances SA.
The CDC is a public body with a specific legal status, duly registered in accordance with the laws of France. The CDC and its subsidiaries are legally constituted as a public group, acting in the general interest and economic development of France. This group carries out missions of general interest in support of public policies that are guided by the French state and local authorities. The purposes of the CDC's general interest are the management of private funds for which public authorities wish to provide specific protection.
La Poste is a company duly registered under the laws of France and is a holding company of the La Poste group. La Poste group is a postal service provider, organized into five main business sectors, (i) the Service-Mail-Parcels sector, (ii) the GeoPost sector, (iii) the La Poste Network sector (iv) Digital and (v) La Banque Postale.
La Banque Postale is a company duly registered under the laws of France, which is owned by La Poste, and is the holding company of the LBP group. The LBP group, which is one of La Poste's business sectors, is mainly active in the retail banking, asset management and insurance sectors in France.
CNP is mainly active in providing life and health insurance and general insurance products, both on a personal and collective level.