Bpifrance Explained

Bpifrance
Native Name:	Banque publique d'investissement S.A.
Native Name Lang:	fr
Type:	Société anonyme
Founders:	-->
Hq Location:	27/31, avenue du Général Leclerc
Hq Location City:	Maisons-Alfort
Hq Location Country:	France
Revenue:	€1.444 billion (2018)
Operating Income:	€1.019 billion (2018)
Num Employees:	2,289
Net Income:	€1.566 billion
Net Income Year:	2022^[1]
Assets:	€101.7 billion
Assets Year:	2022
Equity:	€27.503 billion
Equity Year:	2022
Subsid:	bpifrance investissement bpifrance participations bpifrance régions bpifrance financement bpifrance assurance export

Bpifrance also known as the Banque publique d'investissement is a French public sector investment bank. It is a joint venture of two state owned enterprises: the Caisse des dépôts et consignations and EPIC BPI-Groupe (formerly EPIC OSEO).

The former subsidiary of EPIC OSEO, OSEO S.A., became a subsidiary of Bpifrance known as Bpifrance Financement.^[2]

Bpifrance has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.^{[3] [4]}

Subsidiaries and minority interests

• Bpifrance Financement S.A. (90%) (ex-OSEO S.A.)
  • Bpifrance Régions (99%)
• Bpifrance Participations (100%) (ex-Fonds stratégique d'investissement)
  • Bpifrance Investissement (100%) (ex-CDC Entreprises)
  • Orange S.A. (shared with APE as the largest shareholders (23.04%); the rest publicly floats)^{[5] [6]}
  • FT1CI (79.2%, the rest owned by another French agency CEA)^[7]
    • STMicroelectronics Holding (50%; joint venture with Italian government)
      • STMicroelectronics (27.6% as the largest shareholders; the rest publicly floats)
  • Areva (3.32%)^[8]
• Vallourec (7.10% as largest shareholders)^[9]
• Stellantis (6.2%)^[10]
• Constellium (10%)^[11]

See also

• Agence des participations de l'État
• List of national development banks

Notes and References

1. Web site: Presentation to Debt Investors. 10 May 2023.
2. Web site: 2014 Annual Report. EPIC BPI-Groupe. 20 February 2016.
3. Web site: European Central Bank . The list of significant supervised entities and the list of less significant institutions . .
4. Web site: European Central Bank . List of supervised entities . .
5. Web site: 2015 Consolidated financial statements. 16 February 2016. 21 February 2016. Orange S.A.. 20 July 2020. https://web.archive.org/web/20200720055848/https://www.orange.com/en/content/download/35047/1115321/version/2/file/Orange%20-%20Consolidated%20financial%20statements%202015.pdf. dead.
6. Web site: Les participations publiques . 30 April 2015. 21 February 2016. Agence des participations de l'État. French.
7. Web site: 2014 Annual Report. 26 March 2015. 20 February 2016. STMicroelectronics. https://web.archive.org/web/20170709065219/http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NTc0NjQ0fENoaWxkSUQ9Mjc3ODU1fFR5cGU9MQ

   &t=1

   . 9 July 2017. dead.
8. Web site: 2014 Reference document. 30 March 2015. 21 February 2016. Areva.
9. Web site: 2014 Registration Document. 17 April 2015. 21 February 2016. Vallourec. 10 April 2020. https://web.archive.org/web/20200410073352/https://www.vallourec.com/EN/GROUP/MEDIA/Publications/Lists/Publications/2014_Registration_Document.PDF. dead.
10. Web site: Bpifrance profite des résultats historiques de PSA. 26 March 2019. Les Echos.
11. Web site: Rio Tinto completes divestment of 61 per cent of Alcan Engineered Products.