Bpifrance (public entity)

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).

EPIC BPI-Groupe
Formerly
EPIC OSEO
Établissement public à caractère industriel et commercial
Founded2005
Headquarters
Paris
,
France
Key people
  • Michel Colin (chairman)
€525 million (2014[1])
Total assets €17.441 billion (2014[1])
Total equity €10.571 billion (2014[1])
OwnerState of France
SubsidiariesBanque Publique d'Investissement S.A. (50%)[1]
WebsiteOfficial website (in French)

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)

gollark: Also deforestation. There are so many upsides.
gollark: Which would also fix flooding.
gollark: Also, rising sea levels. This could be eliminated as an issue by breaking all the various feedback loops enough that the oceans boil.
gollark: For example: apparently climate change is causing more/worse hurricanes or something. But if we heat the Earth by something like ~~10~~ 30 degrees, there will be hypercanes instead.
gollark: If the Earth is heated enough, the effects of this will counter the effects of it only being heated slightly.

References
  1. "2014 Annual Report" (PDF). EPIC BPI-Groupe. Retrieved 20 February 2016.
  2. "Première année du Programme "Innovation Stratégique Industrielle"" (in French). Oséo. 28 May 2009. Archived from the original on 19 June 2009.
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