BPIfrance is credited with Coface

France’s public investment bank will take on responsibility for the country's export credit agency through a newly established subsidiary.

BPIfrance, the public investment bank of France, is set to take control of the country’s export credit agency Coface following the conditions of transfer being agreed, according to GTReview.

All staff, activities and IT systems of Coface – also known as Compagnie Française d'Assurance pour le Commerce Extérieur – will be transferred to a newly established subsidiary dubbed BPIfrance Assurance Export. Coface was established in 1946.

BPIfrance hopes to improve the credit export agency’s offerings to small and medium-sized enterprises and midcaps.

Nicolas Dufourcq, managing director of Bpifrance, said: “We are delighted to welcome nearly 240 staff with so much experience in their field, and to integrate them swiftly into the heart of our mission towards exporters.

“Beyond this transfer, our partnership with Coface seems promising in terms of broadening our range of innovative solutions to support French companies in their internationalisation.”

See more from this Government Report: France

Back

Copyright Mawsonia Limited 2010. Please don't cut articles from www.globalgovernmentventuring.com or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. Benson Hill to grow with $25m series B

    March 30, 2017

  2. STT reinforces Armor with $89m investment

    April 06, 2017

  3. UK to review tax breaks

    April 03, 2017

  4. BDC helps accelerate Calgary startups

    April 13, 2017

  5. Enterprise Ireland allocates $47m to startups

    April 05, 2017

Events

  • 23 May - 24 May, 2017

    GCV Symposium 2017 - London

    Join 400+ business leaders from the corporate venturing and wider high growth business ecosystem for the two-day 2017 GCV Symposium.

  • More Events