The Post is worth 7 billion euros

The supervisory Board of the Caisse des Dépôts voted Wednesday unanimously in favor of the creation of the great pole public financial. Its constitution is base

The Post is worth 7 billion euros

The supervisory Board of the Caisse des Dépôts voted Wednesday unanimously in favor of the creation of the great pole public financial. Its constitution is based on a construction is very complex. The Caisse des dépôts (CDC), the financial arm of the State, will sell its stake of 40.8 % in CNP assurances to The Position, or, more accurately, its subsidiary, The postal Bank. In return, the CDC will become the majority shareholder of the Post to The side of the State. At the end of the transaction, the CDC will own 66 % of the share capital of the group, zipcode and the State 34 %.

In fact, Bercy and the Fund have agreed on a valuation of The Post office at € 7 billion. A price quite close to the value of The Item in the accounts of the CDC, or 6.2 billion euros. But very far from the € 12 billion initially claimed by the public authorities, for transferring the company to public.

To become the majority shareholder of the Post office, with 66% of the capital, and taking into account its prior level of ...

Updated Date: 21 July 2019, 00:00

Kathleen Lees

Lees


Contact Details

You need to login to comment.

Please register or login.

RELATED NEWS