Natixis confirmed yesterday that it had found an agreement with H2O’s management to sell to it its own stakes (50.01%). This was expected following the Q3 20 announcements that Natixis was looking to sell the asset manager that has been causing much trouble to the whole group. No price has been mentioned but it should be very symbolic and is not a key point as Natixis is only looking at getting rid of the asset manager (it should free up a small amount of capital).