Formerly called EPIC OSEO Founded 2005 Net income 525 million EUR (2014) Total equity 10.57 billion EUR (2014) | Owner State of France Headquarters Paris Total assets 17.44 billion EUR (2014) | |
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Type Établissement public à caractère industriel et commercial Key people Michel Colin (chairman) Subsidiaries Banque Publique d'Investissement S.A. (50%) Website Official website (in French) | ||
EPIC BPI-Groupe (BPI is the acronym of Banque Publique d'Investissement) is a French government agency, previously known as EPIC OSEO. In 2013 French government reorganized their sovereign funds, which 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)
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.
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)