CNP Assurances and La Mutuelle Générale Sign Binding Agreements

CNP Assurances and La Mutuelle Générale have announced the signing of binding agreements to establish a significant player in social protection. The partnership was previously approved by employee representatives and governance bodies of both groups. This includes approval from La Mutuelle Générale's general meeting in June.

This project involves CNP Assurances acquiring a majority stake in a subsidiary of La Mutuelle Générale. This subsidiary will encompass La Mutuelle Générale's health and personal protection insurance activities. CNP Assurances will leverage synergies between the two groups to offer high-value services and capitalize on growth opportunities in the French social protection market.

This initiative aligns with the CNP Assurances Group's broader objectives and societal commitments in healthcare and personal protection. The execution of this project relies on obtaining necessary approvals from relevant authorities. Teams are currently working diligently to implement the agreement terms and build this market-leading entity.