PARIS, June 30 French insurance group CNP
Assurances confirmed that it was in talks with
Santander after a newspaper report said it was
negotiating to buy 51 percent of the Spanish bank's Irish unit
that sells insurance on consumer loans.
If the deal is finalised, CNP would pay about 350 million
euros ($477.42 million) and Santander as would remain the
minority shareholder, according to Les Echos newspaper.
"CNP Assurances confirms having entered into discussions
with Banco Santander in relation to a possible partnership in
consumer finance insurance in Europe," said the French insurer
in a statement on Monday.
($1 = 0.7331 Euros)
(Reporting by Leila Abboud; Editing by Mark John)