Bpifrance (public entity) explained

EPIC BPI-Groupe
Former Name:EPIC OSEO
Type:Établissement public à caractère industriel et commercial
Founded:2005
Founders:-->
Hq Location City:Paris
Hq Location Country:France
Net Income: €525 million
Net Income Year:2014
Assets: €17.441 billion
Assets Year:2014
Equity: €10.571 billion
Equity Year:2014
Owner:Government of France
Subsid:Banque Publique d'Investissement S.A. (50%)[1]
Website: (in French)

EPIC BPI-Groupe (BPI is the acronym of Banque Publique d'Investissement) is a French government agency, previously known as EPIC OSEO. In 2013, the French government reorganized their sovereign funds. OSEO's subsidiary, OSEO S.A., was merged with Fonds stratégique d'investissement and Caisse des dépôts et consignations's CDC Entreprises to form Banque Publique d'Investissement S.A. (BPI, or Bpifrance).

History

EPIC OSEO was formed in 2005 by the merger of Agence nationale de valorisation de la recherche, the BDPME (Banque du Développement des PME) and BDPME's subsidiary Sofaris (Société française de garantie des financements des PME).

In 2008, Agence de l'innovation industrielle was absorbed.[2]

In 2010, the subsidiaries of OSEO, OSEO Innovation, OSEO Financement and OSEO Garantie were merged to form OSEO S.A.

In 2012–13 OSEO S.A. was merged with Fonds stratégique d'investissement and Caisse des dépôts et consignations's CDC Entreprises to form Banque Publique d'Investissement S.A. (BPI or Bpifrance). At the same time EPIC OESO was renamed to EPIC BPI-Groupe (literally Public entity for Industrial and Commercial, Public Investment Bank Group)

Notes and References

  1. Web site: 2014 Annual Report. EPIC BPI-Groupe. 20 February 2016.
  2. Web site: Première année du Programme "Innovation Stratégique Industrielle". https://web.archive.org/web/20090619093702/http://www.oseo.fr/a_la_une/actualites/premiere_annee_du_programme_innovation_strategique_industrielle. 28 May 2009. 19 June 2009. Oséo. French.