2024-12-23 16:13:19
Author: Fosun / 2023-07-23 20:26 / Source: Fosun

Fosun International and Natixis Sign Strategic Cooperation Agreement

SHANGHAI,Oct. 16,2018 -- Fosun International Limited ("Fosun International") (00656:HK) announced that it signed a strategic cooperation agreement ("the Agreement") with Natixis today with the two parties committing to work together to support the future development strategy of Fosun. Guo Guangchang,Chairman of Fosun International and François Riahi,Chief Executive Officer of Natixis,attended the signing ceremony,which took place at the Bund Finance Center,Shanghai.

Guo Guangchang,Chairman of Fosun International,said of the partnership: "We are very pleased to welcome Natixis as a strategic and long-term partner of Fosun. The cooperation between Natixis and Fosun traced back to 2010,and strengthened ties in 2014 when Natixis provided the financing of our M&A activities in the happiness ecosystem in Europe. Our current cooperation spans our three core businesses,namely 'Health,Happiness and Wealth',with Natixis sharing a common strategic vision with Fosun. Through this partnership,Fosun can leverage the vast network and resources of Natixis in Europe,Asia and Africa to strengthen and accelerate our global growth strategy,particularly to strengthen and support our core industrial operation capabilities,pursue our technology-driven development strategy and further expand investment in innovation."

François Riahi,said: "We are delighted to formalize Natixis' partnership with Fosun International,which builds on our already close cooperation. We aim always to understand our clients' needs and priorities,and to provide solutions to meet them. This Agreement will enable us to be even closer to Fosun International,and to support the group's strategy through our global reach including our growing M&A and advisory capabilities."

The signing of this Agreement marks a new era of cooperation between Fosun International and Natixis. Under the Agreement,Fosun International and Natixis have committed to strengthening their partnership and promoting cooperation in the areas of "Health,Happiness and Wealth",with a view to creating better lives for families worldwide.

Natixis is the international corporate and investment banking,asset management,insurance and financial services arm of Groupe BPCE,the second-largest banking group in France. Under the Agreement,Natixis will provide Fosun with a wide range of global financial services including corporate restructuring,asset/liability restructuring,initial public offering,bond issuance,asset securitization,investment banking products such as syndicated loans and structured financing,as well as risk management and solutions such as currency,interest rates and commodity derivatives in the global capital market.

About Fosun

Fosun was founded in 1992. Fosun International Limited is a family-focused multinational company that has been listed on the main board of the Hong Kong Stock Exchange (00656:HK) since 2007,with total assets over RMB560 billion (c.US$85 billion) as of June 30,2018. With its roots in China,and through technology and innovation,Fosun's mission is to create customer-to-maker (C2M) ecosystems in health,happiness and wealth,providing high-quality products and services for families around the world.

About Natixis

Natixis is the international corporate and investment banking,the 2nd-largest banking group in France with 31 million clients spread over two retail banking networks,Banque Populaire and Caisse d'Epargne.

With more than 21,000 employees,Natixis has a number of areas of expertise that are organized into four main business lines: Asset & Wealth Management,Corporate & Investment Banking,Insurance and Specialized Financial Services.

A global player,Natixis has its own client base of companies,financial institutions and institutional investors as well as the client base of individuals,professionals and small and medium-size businesses of Groupe BPCE's banking networks.

Listed on the Paris stock exchange,it has a solid financial base with a CET1 capital under Basel 3(1) of €11.9 billion,a Basel 3 CET1 Ratio (1) 10.8 % and quality long-term ratings (Standard & Poor's: A / Moody's: A1 / Fitch Ratings: A).

(1)Based on CRR-CRD4 rules as reported on June 26,2013,including the Danish compromise - without phase-in.

Figures as at June 30,2018

Tags: Banking/Financial Service

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