Natixis buyout cost BPCE 70bp of CET1 ratio in Q2
Cash cost of offer for main subsidiary offset partly by increase in shareholder equity
Groupe BPCE took a 70-basis point hit to its Common Equity Tier 1 (CET1) ratio in the second quarter as it bought out minority shareholders in Natixis, taking full control of its flagship subsidiary.
The French group earlier this year launched a bid for the 29.7% of publicly-traded Natixis it did not already own. After a voluntary tender and a mandatory squeeze-out of remaining investors, the
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