CNP Assurances in Exclusive Discussions With BTG Pactual in Brazil

Jan 13, 2016, 03:30 ET from CNP Assurances

PARIS, January 13, 2016 /PRNewswire/ --

CNP Assurances confirms that it has entered into exclusive negotiation with BTG Pactual in Brazil, in order to acquire 51% of its subsidiaries PAN Seguros and PAN Corretora.

About CNP Assurances

CNP Assurances is France's leading personal insurer with net profits of €1,080 million in 2014. The Group also has operations in other European countries and in Latin America, with a significant presence in Brazil. It has more than 28 million personal risk/protection insureds worldwide and more than 13 million savings and pensions policyholders. For 160 years, CNP Assurances has been protecting people against the risks of everyday life. The Group designs and manages life insurance, pension, personal risk insurance and protection products (term creditor insurance and health insurance).

  • In France, CNP Assurances distributes its individual insurance products through La Banque Postale and the Caisses d'Epargne, as well as through its own network: Amétis. In Brazil, its second largest market, the Group's partner is Caixa Econômica Federal, the country's second-biggest state-owned bank.
  • In group insurance, CNP Assurances crafts tailor-made personal risk, pension and term creditor insurance products that are aligned with the needs of companies, local authorities, mutual insurers, non-profit organizations, and banks in Europe and Latin America.

CNP Assurances has been listed on the Paris Stock Exchange since October 1998 (the first market) and has a stable shareholder structure thanks to the signing of an agreement between its major shareholders (Caisse des Dépôts, La Banque Postale, Groupe BPCE and the French State).

Florence de Montmarin | +33-(0)1-42-18-86-51
Tamara Bernard | +33-(0)1-42-18-86-19

Investisseurs et analystes
Vincent Damas | +33-(0)1-42-18-71-31
Annabelle Beugin-Soulon | +33-(0)1-42-18-83-66
Julien Docquincourt | +33-(0)1-42-18-94-93

SOURCE CNP Assurances