The Caisse des Dépôts et Consignations (CDC), France's largest state-owned financial and industrial group, is in the final stages of approving plans to merge its consumer and investment banking divisions with Groupe Caisse d'Epargne, a French state-owned savings bank network.

In February CDC hired Crédit Agricole and Lazard to advise on changes to its complex holding structure including the sale of its 50.1% stake in Eulia, a financial holding company for investment banking, insurance, real estate and retail banking assets.