MAISONS FRANCE CONFORT : Groupe Caisse d’Epargne strengthens its operational links with Maisons France Confort

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(Paris, December 18, 2007) --- Following on from the letter of intent signed on July 30 earlier this year, Groupe Caisse d'Epargne and the shareholders of MFC PI,the holding company controlling the Maisons France Confort Group, today signed a number of agreements allowing them to strengthen the operational links that have long existed between the two groups.

These agreements, which are designed to strengthen the operational links between the two groups, can be divided into several parts:

  • the acquisition of a minority interest in MFC PI by GCE Foncier Coinvest - a subsidiary of the Caisse Nationale des Caisses d'Epargne (51%) and Crédit Foncier (49%) - representing a 49% stake in the capital of the holding company;
  • a shareholders' pact designed to allow Groupe Caisse d'Epargne to be represented on the Strategic Committee of MFC PI and to contribute to the principal decisions made by the Maisons France Confort Group;
  • a non-exclusive draft framework agreement (protocole d'accord cadre) making it possible to reinforce the industrial partnerships already existing between the two groups.

The implementation of these different agreements remains subject to approval being granted by the relevant authorities in the area of competition and industrial concentration, and subject to confirmation by the Autorité des Marchés Financiers (Financial Markets Authority, AMF) that there is no need to submit a draft public offer.

Once the planned operations have been completed, the Vandromme family and GCE Foncier Coinvest will respectively own 51% and 49% of MFC PI; the ownership structure of the listed MFC entity will remain unchanged.

The agreements signed by the two groups, designed to complete the range of real estate activities pursued by Groupe Caisse d'Epargne and its listed real estate division, should make it possible to generate new revenue synergies. These synergies will be derived, in particular, from increased business activities in the area of financing solutions, financial guarantees, and the sale of single-family houses as well as from the development of new projects related, for example, to diagnostic assessments and labeling, or urban development.


Press Contacts:

CNCE
Anne-Sophie Jourdain
Tél. : +33 1 58 40 41 54
Email : presse@cnce.caisse-epargne.fr
Maisons France Confort
Patrick Vandromme
Tél. : +33 2 33 80 66 60
Email : pvandromme@maisonfc.fr
CFF
Anne Baslez
Tél. : +33 1 57 44 78 78
Email : anne.baslez@creditfoncier.fr

www.groupe.caisse-epargne.com
Jean-Christophe Godet
Tél. : +33 2 33 80 66 60
Email : jc.godet@maisonfc.fr

www.maisons-france-confort.com

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