Caisse des Dépôts et Consignations Company Description
Caisse des Dépôts et Consignations (CDC) serves as an investment manager for the government and oversees tax-exempt funds collected by savings banks (caisses d'épargne) and the post office. The group invests its deposits in public projects including subsidized housing and semi-public companies formed with local governments for urban development. CDC manages retirement plans for government employees who are not part of the civil service system. The company's portfolio -- valued at some €226.9 billion ($322 billion) -- includes stakes in insurer CNP Assurances and real estate firm Société Nationale Immobilière. The French government is considering converting CDC from a pension fund to sovereign wealth fund.
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The Company Description provides a historical perspective of Caisse des Dépôts et Consignations's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Caisse des Dépôts et Consignations's evolution in the marketplace.
