September 7, 2017 / 3:59 PM / in 3 months

BRIEF-Natixis acquires 40 pct of BPCE Assurances from Macif and Maif

Sept 7 (Reuters) - NATIXIS:

* REG-NATIXIS :NATIXIS ACQUIRES 40% OF BPCE ASSURANCES FROM MACIF AND MAIF

* ‍SIGNATURE OF AN AGREEMENT FOR NATIXIS ASSURANCES TO ACQUIRE 40% OF BPCE ASSURANCES FROM MACIF (25%) AND MAIF (15%)​

* ‍FOLLOWING THIS TRANSACTION, NATIXIS ASSURANCES WILL BE BPCE ASSURANCES’ SOLE SHAREHOLDER.​

* ‍THIS EUR 272M DEAL TO ACQUIRE 40% OF BPCE ASSURANCES WILL BE FINANCED BY NATIXIS’ OWN RESOURCES​

* ‍ESTIMATED IMPACT ON BANK‘S CET1 RATIO OF AROUND -6BPS​

* ‍ACQUISITION IS SET TO HAVE A PROJECTED ACCRETIVE IMPACT OF 2% ON NATIXIS’ 2017 ESTIMATED EPS​

* AQUISITION WILL BE FINANCED BY NATIXIS’ OWN RESOURCES

* ‍ACQUISITION IS SET TO HAVE A PROJECTED ACCRETIVE IMPACT OF 2% ON NATIXIS’ 2017 ESTIMATED EPS​

* ‍WILL ENHANCE MACIF GROUP‘S SCR COVERAGE RATIO BY AROUND 7 POINTS AND MAIF GROUP‘S FIGURE BY 5 POINTS.​ Source text for Eikon: Further company coverage: (Gdynia Newsroom:)

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