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Natixis and Arch Capital Group Ltd. announce the completion of share purchase agreement for 29.5% stake in Coface

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Natixis Strategy
Paris, France, February 10, 2021

Following satisfaction of antitrust and regulatory conditions, Natixis and Arch Capital Group Ltd. [NASDAQ: ACGL] announce today the completion of the disposal by Natixis of a stake of 29.5% in Coface’s share capital to Arch Financial Holdings Europe IV Limited, an affiliate of Arch Capital Group Ltd., at a price of 9.95€ per share (dividend attached).

Natixis is no longer represented at Coface’s Board of Directors with Arch assuming four of Natixis’ seats. Natixis will hold its remaining 12.7% stake in Coface as a financial participation.

About Arch Capital Group Ltd.

Arch Capital Group Ltd., a Bermuda-based company with approximately $15.8 billion in capital at Dec. 31, 2020, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.

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210210_Coface_Natixis PR.pdf

February 10, 2021

210210_Coface_Natixis PR.pdf

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Press contacts

Daniel Wilson

Daniel Wilson

Head of Press Relations and Social Media, Natixis

+33 1 58 19 10 40

Sonia Dilouya

Sonia Dilouya

Press Relations, Natixis

+33 1 58 32 01 03

Linked news

Natixis announces the sale of a 29.5% stake in Coface to Arch Capital Group

Paris, France, February 25, 2020

Natixis Strategy

Natixis announces the sale of a 29.5% stake in Coface...

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About Natixis

Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d’Epargne, Natixis counts nearly 16,000 employees across 38 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE’s networks. Listed on the Paris stock exchange, Natixis has a solid financial base with a CET1 capital under Basel 3(1) of €11.8 billion, a Basel 3 CET1 Ratio(1) of 11.7% 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 30 September 2020.

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