French insurer CNP to renegotiate ties with BPCE

PARIS Wed Nov 6, 2013 11:58am EST

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PARIS Nov 6 (Reuters) - French insurer CNP said it would begin talks with key shareholder BPCE over its partnership with the retail bank, with a view to completing a new agreement by 2016.

"(CNP) expects the talks with BPCE to be conducted with a view to defining, as from 1 January 2016, a fresh partnership model," the insurer said in a statement.

BPCE and state-owned Banque Postale together own 36 percent of CNP. (Reporting by Lionel Laurent, Editing by Natalie Huet)

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