The 2009 results will be of good Bill he said

The financial crisis has made moving lines in the Caisse des Dépôts et Consignations (CDC). Mobilization of funds from savings for the financing of the economy, creation of the strategic investment Fund (ISP), rescue of Dexia, first loss in its history in 2008... However, Augustin de Romanet, its Director General, wants to believe the public institution emerged strengthened from this period. The 2009 results will be "of good Bill", he said. The CDC is preparing to invest EUR 1.5 billion in the position, which Parliament has just voted the change in status, but it retains its "margins of manoeuvre". It will also have a key role to play in the implementation of investment programs of the large loan, which she is seen entrust the management of 8.4 of the 35 billion euros.

"Since two years, it has clarified our framework for action and our terms of intervention", said the Director General of the Caisse des Dépôts. It fired a positive of the creation of the ISP balance, while some within the Rue de Lille, feared that it reflects a loss of autonomy of the public institution. "The ISP was not a decrease in influence but on the contrary, a tool of gear", according to Augustin de Romanet. And note that the quoted shares increased in the balance sheet of the Fund, from 15.4 to 18.3 billion euros. The "French sovereign Fund", 51 owned by the Fund and 49 by the State, has invested in a year of 1.4 billion in 21 companies live and dedicated funds. "I'll let you imagine what it would have said if the CDC had only what has been the ISPs, it would have surely cried wolf!"

Augustin de Romanet is also back on the development of subsidiaries of the institution. "It was at the Caisse des Dépôts inertia" on the matter, he recalled... to the list of their developments. TRANSDEV is completing its merger with Veolia Transportation. Icade sold 26,000 housing social landlords and is poised to buy the company La Lucette, the Compagnie des Alpes gave non-strategic assets and acquired the lifts of the station of the two Alps.

Subsidiaries in motion

"Our subsidiaries are moving," said Executive Director of CDC, while in fall 2008 Nicolas Sarkozy said to want a CDC "more active, more offensive, more mobile". Investment in the station will be one of the major issues of this year. But the Fund will be also very attentive to the evolution of its interest in Dexia. The European Commission should know in the coming days the restructuring which it seeks to the Franco-Belgian Bank. Last week, the President of the commission on monitoring of the CDC, Michel Bouvard, began also to the question of the coexistence of the participations in Dexia and La Poste, owner of La Banque Postale. "What is there synergies" What is to come out of one, stay in the other What is to make the affiliations ", wondered the MP. "All the patterns are possible, I expect that those who are in charge of records propose. "It is clear that it will take to address the question," replied yesterday Augustin de Romanet, while adding that "it cannot answer today"...