Erste in Talks to Buy BNP Paribas's Czech Consumer-Finance Business, Bloomberg Reports
April 05 2023 - 1:17PM
Dow Jones News
--Austria's Erste Group Bank AG is in advanced talks to buy the
Czech consumer-finance business of French lender BNP Paribas SA,
Bloomberg reports, citing unnamed sources.
--A deal could be announced in the coming weeks but isn't
certain to be sealed, Bloomberg reports, adding that the business
has the equivalent of some $463 million in loans and a share of
more than 20% of the Czech credit-card market.
--Spokespeople for the two banks declined to comment to
Bloomberg.
Full story: https://bloom.bg/3zA6igV
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
April 05, 2023 13:02 ET (17:02 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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