French insurer CNP Assurances is considering preparing a potential bid to acquire Coface, a trade credit insurer listed on the French stock market, according to people familiar with the matter.
The discussions are still at an early stage, and CNP may decide not to proceed with the bid, while the possibility of other interested buyers emerging remains open.
Both Companies Decline to Comment
CNP and Coface both declined to comment on the report, and CNP has not yet made a final decision on whether to submit a formal bid.
CNP’s Operations
CNP, or the National Provident and Insurance Fund, is one of France’s leading personal insurers, with operations spanning several European markets and Brazil. The company offers products and services including life insurance, savings and financial protection.
Coface’s Services
Coface specializes in trade credit insurance, which protects companies against the risk that customers will fail to pay amounts due. Its services also include business information, debt collection, single-risk insurance, financial guarantees and factoring.
