La Banque Postale completes acquisition of Ciloger

French financial group La Banque Postale has completed the acquisition of French non-listed real estate manager Ciloger, after purchasing a 45% stake from Nexity in Ciloger’s capital.

Financial details of the transaction have not been disclosed.

This acquisition brings La Banque Postale’s stake in Ciloger to 90%. The remaining 10% will still be held by CNP Assurances.

Ciloger has around €4.5bn of assets under management and distributes real estate products (SCPI and OPCI) from groups La Banque Postale and Caisse d’Epargne.

Towards this transaction, La Banque Postale and Nexity also intend to strengthen their partnerships in real estate and financial operations.

 

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

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