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France

New Senior Appointments at Compagnie Generale d’Affacturage

Jean Philippe Guillaume has been appointed managing director of French factoring company Compagnie Generale d'Affacturage (CGA), which is part of French bank Societe Generale. Mr Guillaume started his career at Societe Generale in 1992 and, after several positions as consultant...

Natexis Acquisition of Coface cleared by EU

The European Commission said it cleared under EU merger regulation the acquisition by Natexis Banques Populaires of control of Compagnie…

#acquisition#European Commission#insurance


New Chairman at Factorem

Gils Berrous has been appointed chairman of the management board of Factorem, the factoring subsidiary of French banking group Natexis…

#management


Swiss Life to Buy French Unit of Fortis- Fortis...

Swiss Life/Rentenanstalt said it would acquire the French life insurance operations of Fortis, the Dutch/Belgian financial-services conglomerate, at a price…


Euler’s Factoring Income Increases More than Six-Fold in H1...

The Paris-based credit insurer and international financial services group, Euler, has recorded a dramatic acceleration of the amount of its…


Credit Agricole Launches Online Financing Service

Transfact, the factoring subsidiary of French rural bank Credit Agricole, has announced the launch of Immedians, an online financing service…


Eurofactor Contributes to Growth of Euler Group

The credit insurer and provider of other diverse financial and management services, Euler group, has recorded a rise of 15%…

#Allianz#international#management


Factofrance Heller Bought by GE Capital

The leading French factoring specialist, Factofrance Heller, has become part of GE Capital, the financial arm of General Electric, following…


French Factoring Market is Still Very Concentrated

There are very few factoring companies in France (25 at the end of 2000), and the five main players in…

#Factofrance#Two


Flotation Rumours Surround Credit Agricole

Rumours have emerged that Credit Agricole SA, parent company of French factors Transfact, is to float on the Paris stock…


Agricole Increases Stake in Comit

The French Bank Credit Agricole, owners of the French factoring company Transfact, has acquired 21million shares (equivalent to 1.2%) in…

#bank#Credit Agricole#Italian factoring


Sharp Rise in French Start-up Investment

In the first half of 2000 investment in start-up companies in France rose by over 25% to FF3.4 bn from…

Factorem and Assurances Banques Populaires Share Trading to Resume...

Trading in the shares of French factoring services specialist Factorem SA and the French insurer Assurances Banques Populaires SA will…

#bank

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