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Auchan Holding and BPCE: exclusive negotiation for a long-term partnership with Oney Bank

the 18/02/19

Beginning of 2019 and after several months of analysis, BPCE and Auchan Holding entered into exclusive negotiations to build a long-term partnership through the acquirement of 50,1 % share in Oney Bank. This project would allow Oney Bank to build a partnership based on strong strategic alignment, powerful complementarity and a long-term vision.

As announced in the recent months, Oney Bank has been conducting discussions that could lead to the signature of a partnership including an opening-up of our capital. The objective is to give Oney Bank the appropriate means to:

  • ensure sustainable and autonomous development
  • strengthen its offer to better serve our partners and customers
  • accelerate the achievement of the corporate project

Who is BPCE?

Through its two major cooperative networks, Banque Populaire and Caisse d’Epargne, and its subsidiaries (Natixis, Crédit Foncier, Banque Palatine,etc.), BPCE offers individuals, companies, institutions and local authorities a complete range of products and services: banking services, saving sand investment solutions, treasury, financing and insurance.

Key figures of BPCE

  • 2nd largest banking group in France
  • 4st largest banking group in the Euro Zone
  • 106,000 employees
  • 30 million customers, including 9 million members

 

The partnership project

The partnership project that could be established with BPCE is based on the implementation of a balanced governance and presents many assets aiming at strengthening our service offer towards our partners and their customers. If you wan to know more, go on oney.com.

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