SFIL capital transfer to CDC moves closer with ‘agreement in principle’

By Burhan Khadbai
14 Oct 2019

The French government, Caisse des Dépôts and La Banque Postale have signed an agreement in principle for the transfer of the majority of Société de Financement Local’s capital to Caisse des Dépôts.

The transfer is expected to occur during the first quarter of 2020 and would result in CDC owning all of SFIL’s share capital except for one ordinary share that will be retained by the French government.

SFIL is 75% owned by the French state, CDC owns a further ...

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