BNP Paribas Seeks Full Ownership of Exane
By Mauro Orru
BNP Paribas SA said Thursday that it is pursuing a full takeover
of investment company Exane SA in a move to bolster its equity and
France's largest listed bank by assets didn't provide financial
details for the contemplated deal to acquire Exane, of which BNP
Paribas already owns 50%.
BNP Paribas has been in a partnership agreement with Exane since
"The long-standing and effective partnership with Exane provided
our clients with superior access to the equity capital markets. We
look forward to further enhancing our equities franchise and most
actively supporting our clients as we join forces in an ever more
integrated manner," said Yann Gerardin, BNP Paribas's head of
corporate and institutional banking.
Write to Mauro Orru at firstname.lastname@example.org; @MauroOrru94
(END) Dow Jones Newswires
March 11, 2021 02:39 ET (07:39 GMT)
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