Regulated information - Brussels, Paris, 28 June 2013 - 6:00 pm
Update on the disposal process initiated within the framework of the orderly resolution plan of the Dexia group
Following the opening of exclusive negotiations on 4 June 2013, and after obtaining the opinions of the staff representative bodies in accordance with the applicable legislation, Dexia today announces the signature of an agreement to sell Sofaxis between Dexia Crédit Local and the Société Hospitalière d'Assurances Mutuelles (Sham), the Mutuelle Générale d'Education Nationale (MGEN) and the Mutuelle Nationale Territoriale (MNT), for an amount of EUR 136 million.
This sale falls within the framework of the Dexia Group's orderly resolution plan, undertaken in October 2011. Finalisation of this transaction is still subject to the approval of the regulatory competition authorities and the European Commission, and could take place during the third quarter of 2013. The impacts of this disposal on the Dexia Group's financial statements will not be significant and will be communicated on finalisation of the sale.
Furthermore, Dexia indicates that finalisation of the sale of Dexia Asset Management, which was to take place by 28 June 2013, has been put back. However, negotiations to finalise this transaction will continue with GCS Capital.
