Natixis and ODDO BHF are considering a long-term partnership aimed at creating a leading equity-market player in continental Europe

This partnership provides for:

• The transfer of Natixis’ equity broking and equity research activities in France to ODDO BHF
• The pooling of both players’ primary equity market activities in France within Natixis
• The acquisition by Natixis of a 5% equity interest in ODDO BHF

Natixis and ODDO BHF are seeking a long-term partnership geared to creating value for investors and issuers. This solution provides an innovative response that is consistent with regulatory changes and particularly the entry into force of MiFID 2.

ODDO BHF confirms its ambition of reinforcing its position in France (top broker on French stocks, source Extel 2017), and of ranking among the top three equity brokers in Germany, with these two markets representing 60% of the euro zone’s overall market capitalization.

The new team created by ODDO BHF would follow 600 stocks, including 220 in France and 130 in Germany, and thereby cover over 80% of the main benchmark indices in France and Germany. The Research team would also be strengthened on the sectors and stocks defined as priorities in Natixis strategic ambitions.

The two partners’ 515 existing institutional investor clients would have access to a single execution and distribution platform and to enhanced decision-making support. The new team would also increase its capacity to facilitate meetings between international investors and issuers.

Natixis would cement its position as a major player on the primary equity market and as a partner of choice offering strategic dialog to listed companies on their plans for equity and convertible issues.

Natixis would rank 3rd in terms of the number of primary market deals in France, with over 45 managed for French issuers over the last 3 years and 22 since the start of 2017.

The expertise of Natixis’ Equity Capital Markets (ECM) team and ODDO BHF’s reinforced research and placement capacity would provide listed companies and IPO candidates with one-stop access to a broad base of French, European and global institutional investors.

To ensure the success of its transactions, Natixis would be able to leverage the unique positioning of its equity primary and syndication teams, and their leadership in corporate broking (1st in terms of volume and number of deals on share buybacks on SBF120 companies in 2017 for the 3rd consecutive year). This proposed partnership would enable Natixis and ODDO BHF to become leaders on market liquidity contracts in France, with 110 liquidity contracts.

The project is subject to consultation with the employee representative bodies of the different companies concerned.

Press Contacts ODDO BHF

CITIGATE                                                            DGM

Yoann Besse / Laurence Duhamel                      Hugues Schmitt / Christian d’Oléon

+33 1 53 32 78 89                                                 +33 1 40 70 11 89

+33 6 63 03 84 91                                                 +33 6 08 49 89 07

yoann.besse@citigate.fr                                        h.schmitt@dgm-conseil.fr

laurence.duhamel@citigate.fr                                chrisdo@dgm-conseil.fr