Asset management

Tikehau acquires Sofidy and crosses the 20 billion mark in assets under management

Exclusive: An acquisition at 220 million euros. Sofidy was created in 1987 by the father of Antoine Flamarion, co-founder of Tikehau. Tikehau has just entered into exclusive negotiations to acquire 90% of the capital of Sofidy, the leading independent player in the SCPI market with 4.8 billion euros under management. The operation will allow Tikehau […]

Bank – Insurance

Savings: after a record collection in 2020, the Livret A is overflowing

The total outstanding of the preferred placement of the French now stands at 326.5 billion euros, an increase of 9.4% compared to last year. Savers who have reached the ceiling have turned to alternatives that do not put their capital at risk. It’s the wave that makes the pool overflow. In 2020, the collection of […]

MY

Chinese giants under pressure to sell their assets abroad

In the wake of HNA and Anbang, Chinese groups have sold nearly $ 17 billion in assets abroad since January. Sales that mostly escape international buyers. The financial stranglehold is tightening on the large Chinese conglomerates in Beijing’s sights. Crushed under $ 79 billion in debt, HNA is talking with banks to find a buyer […]

Budget Taxation

93.1 billion, 2.2%, 47 posts … the key figures of the 2020 Budget

Slowed growth, public deficit, lower income tax, less job cuts … overview of the key figures of the 2020 finance bill presented this Friday morning in the Council of Ministers. 1.3% growth The government now expects, in the 2020 finance bill, a growth of 1.3% next year. This is a little less than the increase […]

Budget Taxation

Budget: the tax litigation bill is on the rise

The cost of serial litigation is estimated at 2.35 billion euros for 2020. After the 3% tax on dividends two years ago, the State suffered new convictions which will require it to reimburse taxpayers. It is now a line of the state budget closely monitored by parliamentarians. Since the case of the 3% tax on […]

Conjuncture

France’s trade deficit narrowed somewhat in 2019

France’s trade deficit reached 58.9 billion euros last year, Customs said on Friday. It fell by almost 4 billion euros compared to 2018 thanks to the dynamism of exports, particularly in aeronautics and pharmaceuticals. Things are looking a little better on the trade balance front. France’s external accounts improved in 2019. According to customs figures, […]

Asset management

The giant Amundi has seen its outstandings melt with the coronavirus crisis

The European champion of asset management recorded an outflow limited to 3.2 billion euros in the first quarter thanks to the dynamism of its joint ventures in Asia. The fall of the markets, however, brought down its outstandings by more than 120 billion. The coronavirus pandemic has not called into question the dominance ofAmundi on […]

MY

JP Morgan remains at the top of mergers and acquisitions in France

The US bank dominates the ranking of M&A advice in France over nine months, according to Thomson Reuters. But the market, down 30%, is stalling. Ninety days before the counters stop at the end of the year, the American bank JP Morgan is still racing at the top of the French ranking of mergers and […]

Economy

The Bank of England once again flies to the rescue of the British economy

The Bank of England announced, this Thursday morning, a strengthening of 150 billion pounds of its asset buyback program, to bring it to 895 billion. Analysts expected an increase of “only” 100 billion. The central bank, on the other hand, leaves its key rate unchanged at 0.1%. This is yet another boost from the Bank […]

Budget Taxation

Darmanin praises the results of the new arsenal against tax fraud

After several years of erosion, the state recovered 5.6 billion euros in revenue through its tax audits in the first nine months of 2019, 40% more than last year at the same period . The transmission of tax files to justice has doubled since the opening of the “lock of Bercy”. The money from tax […]