Depots et Consignations

The leaders of the Caisse des Depots et Consignations affirmed at the Elysée Palace, in a meeting with Nicolas Sarkozy, CNP Assurances, which the Fund holds a 40% stake, had its place on the perimeter of the CDC.

"We had an opportunity to discuss the scope of the Fund. Regarding the NOC, we recalled that it was an integral part of the group and we have not been contradicted on the fact that it had its place in Within the CDC, "said Reuters Wednesday Michel Bouvard, president of the supervisory commission of the Fund.

The head of state received Tuesday the Director General of the Caisse des Depots, Augustin de Romanet, and the chairman of its supervisory commission, Michel Bouvard.

He said that the meeting had focused on the role of the CDC as an investor in SMEs and large industrial groups french and its ability to be a stabilizing element of their capital.

Some sectors have been specifically addressed, as subcontracting automobile or aircraft.

It was recalled that the NOC, as an institutional investor, also had a role to play in taking equity stake in french groups, "said Michel Bouvard.

The title CNP Assurances has experienced a surge in speculative stock market in mid-February, with various scenarios dismantling of the first insurer in France, and triggered by expressions of interest from Axa.

Since then, Groupama Axa, but also indicated that the file was not opened. For the moment at least.

For its part, the CDC has assured repeatedly that the CNP, which contributes up to 20% in its results, was not for sale.

The chairman of the supervisory commission of the Fund added that the issues of governance of the CDC were not addressed, because "they do not pose a problem and are now largely stabilized".