CDC and Caisse d'Epargne close to merger agreement

The Caisse des Dépôts et Consignations (CDC), France's largest state-owned financial and industrial group, is in the final stages of approving plans to merge its consumer and investment banking divisions with Groupe Caisse d'Epargne, a French state-owned savings bank network.

In February CDC hired Crédit Agricole and Lazard to advise on changes to its complex holding structure including the sale of its 50.1% stake in Eulia, a financial holding company for investment banking, insurance, real estate and retail banking assets.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump