<b>Daniel Lebègue & Charles Milhaud</b>

January 01, 1999

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Headline: Daniel Lebègue & Charles Milhaud Source: Euromoney Date: January 2002 Author: Jennifer Morris Co-chairmen, Eulia         Daniel Lebègue         Charles Milhaud Daniel Lebègue doesn’t like the way that Americans pronounce the name of his bank’s new joint venture. Eulia is not supposed to have a long vowel sound at the beginning, he says. Fortunately, the partial merger between Caisse des Dépôts et Consignations (CDC), where Lebègue is president, and Caisse Nationale des Caisses d’Epargne (CNCE), is unlikely to be much of a talking point in the US. It has hardly caused a stir in Europe so far. Most analysts admit to having been more focused on Crédit Agricole’s IPO in recent months than anything its rivals are up to. That doesn’t deter Lebègue though. He is convinced the venture to create the third-largest bank in France, due to be completed last month, makes sense. “I don’t see any other European partnerships where the complementarities are so evident,” he says. His plan, along with his counterpart at CNCE, Charles Milhaud, is to combine parts of their businesses in a holding company owned 51% by CDC and 49% by CNCE.

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