[ad_1]
PHOTO FILE: the logo of the French bank Natixis is visible in front of one of its offices in Paris on February 18, 2013. REUTERS / Charles Platiau / File Photo
PARIS (Reuters) – The French bank Natixis (CNAT.PA) said Monday that he was not in discussion about a possible public takeover bid on Coface (COFA.PA), the credit insurance subsidiary in which Natixis holds an interest of approximately 41.7%.
"Natixis indicates that, as previously stated, its investment in Coface is of a financial and non-strategic nature. In this context, Natixis regularly explores the options for its participation in this badet, "said Natixis in a statement.
"Nevertheless, no ongoing discussion is likely to result in the submission of an offer for this participation," added Natixis.
Reuters reported Friday that Apollo Global Management (APO.N) had submitted an offer to Coface.
Report by Sudip Kar-Gupta, edited by Louise Heavens
Source link
