November 6, 2013 / 5:26 PM / in 4 years

French insurer CNP to renegotiate ties with BPCE

PARIS (Reuters) - French insurer CNP (CNPP.PA) said it would begin talks with key shareholder BPCE (CNAT.PA) 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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