Closing of Natixis Investment Managers’ acquisition of La Banque Postale’s interests in Ostrum AM and AEW Europe and extension of the industrial partnerships in asset management
As announced on October 28 and December 16, 2021, Natixis Investment Managers (Natixis IM) and La Banque Postale group have finalized Natixis IM’s acquisition of La Banque Postale’s 45% interest in Ostrum Asset Management (Ostrum AM) and 40% interest in AEW Europe and extended their industrial partnerships in asset management until the end of 2030.
With these transactions complete, Natixis IM now owns 100% of Ostrum AM and AEW Europe.
These transactions follow consultation with the relevant employee representative bodies and approval from the competent regulatory authorities.
“Insurance and fixed-income management and real-estate asset management are core client expectations and central to our strategic ambitions. As the sole shareholder of Ostrum AM and AEW Europe, Natixis IM will continue to actively develop these two asset managers, both leaders in their respective fields with €442bn and €38bn in assets under management at December 31, 2021,” said Nicolas Namias, Chief Executive Officer Global Financial Services – Groupe BPCE.
“This transaction strengthens the positioning of La Banque Postale Asset Management (LBP AM) as a multi-specialist conviction-based asset manager at the forefront of socially responsible investing. The strong growth path of LBP AM accelerates the group’s diversification, in line with La Banque Postale’s strategic plan. LBP AM is providing high-performing solutions to its retail and institutional clients, as well as answers to the key challenges of a sustainable and just transition.” commented Philippe Heim, Chairman of the Executive Board of La Banque Postale.
For further reading:
About La Banque Postale
With its subsidiaries, including CNP Assurances, La Banque Postale is a leading European banking and insurance specialist, ranked 11th in the euro zone by balance sheet assets. Its diversified business model enables it to support 20 million individual and corporate customers with a comprehensive range of products accessible to all. A subsidiary of Le Groupe La Poste, La Banque Postale offers local banking services through 17,000 contact points, including 7,300 post offices, throughout France. It is also a leader in sustainable finance, rated among the best in the market by non-financial rating agencies. Its strategic plan, “La Banque Postale 2030”, sets the ambition of becoming the favourite bank of the people of France, with an integrated and omnichannel offer of bank and insurance services based on three distinct brands: La Banque Postale, its everyday bank, Ma French Bank, its 100% mobile bank and BPE, its private bank. As a community bank, La Banque Postale is fully focused on shaping a just transition to an economy and a society capable of responding to environmental, social, regional and digital challenges.
About Groupe BPCE
Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 36 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four financial rating agencies: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (A+, negative outlook) and R&I (A+, stable outlook).
La Banque Postale
French joint stock company (société anonyme) with Management
and Supervisory boards, with capital of 6 585 350 218 euros
115 rue de Sèvres - 75275 Paris Cedex 06
www.labanquepostale.fr
BPCE
French joint stock company (société anonyme) with Management
and Supervisory boards, with capital of €180,478,270
50 avenue Pierre Mendès France – 75201 Paris Cedex 13
www.groupebpce.com
Natixis
Limited liability company
Capital € 5 019 776 380,80
RCS Paris n°542 044 524
Regulated in France by the ACPR - Autorité de Contrôle Prudentiel et de Résolution
30, avenue Pierre Mendès-France
75013 Paris
www.natixis.com
AEW SA
An affiliate of Natixis Investment Managers
Privately-held French "Société anonyme à conseil d’administration".
Real-estate investment manager under n°T 8324 delivered by the Prefecture de police de Paris.
Share capital: €17,025,900
RCS Paris: B 409 039 914
22 rue du Docteur Lancereaux 75008 Paris, France
www.aew.com
Ostrum Asset Management
An affiliate of Natixis Investment Managers.
French Public Limited liability company with board of Directors.
Share capital €48 518 602.
Regulated by the Autorité des Marchés Financiers (AMF) under no. GP 18000014.
RCS Paris n° 525 192 753.
43 avenue Pierre Mendès France 75013 Paris, France.
www.ostrum.com
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
75013 Paris
www.im.natixis.com
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
Copyright © 2022 Natixis Investment Managers S.A. – All rights reserved.
With these transactions complete, Natixis IM now owns 100% of Ostrum AM and AEW Europe.
These transactions follow consultation with the relevant employee representative bodies and approval from the competent regulatory authorities.
“Insurance and fixed-income management and real-estate asset management are core client expectations and central to our strategic ambitions. As the sole shareholder of Ostrum AM and AEW Europe, Natixis IM will continue to actively develop these two asset managers, both leaders in their respective fields with €442bn and €38bn in assets under management at December 31, 2021,” said Nicolas Namias, Chief Executive Officer Global Financial Services – Groupe BPCE.
“This transaction strengthens the positioning of La Banque Postale Asset Management (LBP AM) as a multi-specialist conviction-based asset manager at the forefront of socially responsible investing. The strong growth path of LBP AM accelerates the group’s diversification, in line with La Banque Postale’s strategic plan. LBP AM is providing high-performing solutions to its retail and institutional clients, as well as answers to the key challenges of a sustainable and just transition.” commented Philippe Heim, Chairman of the Executive Board of La Banque Postale.
For further reading:
- La Banque Postale and Groupe BPCE Intend to Streamline their Shareholding Relationships and Strengthen their Industrial Partnerships
- Natixis and La Banque Postale Create a European Leader in Fixed-Income and Insurance-Related Asset Management: Ostrum Asset Management
- Natixis and La Banque Postale Create European Asset Management Leader
- Groupe BPCE and La Banque Postale enter into discussions aimed at deepening and expanding their business partnership
With its subsidiaries, including CNP Assurances, La Banque Postale is a leading European banking and insurance specialist, ranked 11th in the euro zone by balance sheet assets. Its diversified business model enables it to support 20 million individual and corporate customers with a comprehensive range of products accessible to all. A subsidiary of Le Groupe La Poste, La Banque Postale offers local banking services through 17,000 contact points, including 7,300 post offices, throughout France. It is also a leader in sustainable finance, rated among the best in the market by non-financial rating agencies. Its strategic plan, “La Banque Postale 2030”, sets the ambition of becoming the favourite bank of the people of France, with an integrated and omnichannel offer of bank and insurance services based on three distinct brands: La Banque Postale, its everyday bank, Ma French Bank, its 100% mobile bank and BPE, its private bank. As a community bank, La Banque Postale is fully focused on shaping a just transition to an economy and a society capable of responding to environmental, social, regional and digital challenges.
About Groupe BPCE
Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 36 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four financial rating agencies: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (A+, negative outlook) and R&I (A+, stable outlook).
La Banque Postale
French joint stock company (société anonyme) with Management
and Supervisory boards, with capital of 6 585 350 218 euros
115 rue de Sèvres - 75275 Paris Cedex 06
www.labanquepostale.fr
BPCE
French joint stock company (société anonyme) with Management
and Supervisory boards, with capital of €180,478,270
50 avenue Pierre Mendès France – 75201 Paris Cedex 13
www.groupebpce.com
Natixis
Limited liability company
Capital € 5 019 776 380,80
RCS Paris n°542 044 524
Regulated in France by the ACPR - Autorité de Contrôle Prudentiel et de Résolution
30, avenue Pierre Mendès-France
75013 Paris
www.natixis.com
AEW SA
An affiliate of Natixis Investment Managers
Privately-held French "Société anonyme à conseil d’administration".
Real-estate investment manager under n°T 8324 delivered by the Prefecture de police de Paris.
Share capital: €17,025,900
RCS Paris: B 409 039 914
22 rue du Docteur Lancereaux 75008 Paris, France
www.aew.com
Ostrum Asset Management
An affiliate of Natixis Investment Managers.
French Public Limited liability company with board of Directors.
Share capital €48 518 602.
Regulated by the Autorité des Marchés Financiers (AMF) under no. GP 18000014.
RCS Paris n° 525 192 753.
43 avenue Pierre Mendès France 75013 Paris, France.
www.ostrum.com
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
75013 Paris
www.im.natixis.com
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
Copyright © 2022 Natixis Investment Managers S.A. – All rights reserved.