Information by any means to the partners - Intra-group merger of BNP Paribas Securities Services with BNP Paribas S.A
Primonial REIM France has been advised of the upcoming merger of BNP Paribas Securities Services into its parent company BNP Paribas S.A., which is expected to take effect on October 1, 2022, subject to ongoing local consultations with the social partners of these entities in certain countries.
Until now, BNP Paribas Securities Services has performed the functions of Custodian of the funds managed by Primonial REIM France. As a result of the merger, BNP Paribas S.A., in its capacity as universal successor to BNP Paribas Securities Services, will take over all these functions.
BNP Paribas S.A. has assured Primonial REIM France that the merger will not affect the functions and operations implemented by the funds managed by Primonial REIM France carried out by BNP Paribas, and that the operating and service model deployed by BNP Paribas S.A. will remain unchanged, as will the contact details (both postal and banking) of the Custodian in France. The merger will not result in any change in the fees and remuneration received by the Custodian.
The updated prospectuses, information memoranda and investor information documents will be available on the date on which BNP Paribas confirms to Primonial REIM France the definitive effectiveness of the above-mentioned merger.
The management company reminds investors of the need and importance of regularly reviewing the regulatory documentation for the funds in which they are invested, which is available on request from the management company. Investors are invited to contact their advisor regularly regarding their investments.