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BPCE holds exclusive talks to sell Meilleurtaux to Equistone.

M2 EQUITYBITES-February 19, 2013-BPCE holds exclusive talks to sell Meilleurtaux to Equistone(C)2013 M2 COMMUNICATIONS

19 February 2013 - French banking group Groupe BPCE said it had initiated exclusive negotiations with Equistone Partners Europe Ltd on the sale of a 100% interest in mortgage advisory and brokerage services provider Meilleurtaux SA to the UK-based investment firm.

The deal, through which BPCE would continue to deliver on its strategic plan, will shortly be subject to the process of informing and consulting the staff representative bodies concerned at the vendor and target, BPCE said.

No additional details on the discussions were provided.

Meilleurtaux, which was set up in 1999 and is based in Paris, provides services via telephone and online, catering to individuals.

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Publication:M2 EquityBites (EQB)
Date:Feb 19, 2013
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