On 1st September, BNP Paribas Personal Finance and LaSer Group have legally merged. 100% shareholder of the LaSer Group since 2014, BNP Paribas Personal Finance is thus strengthening its position as European leader in consumer credit.
This combination can generate complementarities between the two entities, regarding geographical implantation, business model and know-how.
This merger provides a European scope, ranging from the UK to Scandinavia, through Poland, and France, flagship country for the two groups, where the reorganization of activities will operate over the period 2015-2017, without Employment Protection Plan.
The proposed merger has received the opinion of the trade union organisations from both companies in June and endorsed by the European Central Bank on 28 August.