Belgium to Sell Third of BNP Paribas Stake, Reuters Reports
March 01 2023 - 1:45AM
Dow Jones News
--Belgium's state participation agency SFPI is preparing a sale
of a third of its 7.8% stake in BNP Paribas SA, reducing its
shareholding in the French lender to about 5.1%, Reuters
reports.
--Bookrunners told investors to submit stock orders that the
deal was likely to price 64.96 euros ($68.71) per share, valuing
the transaction at over $2 billion, Reuters says, citing messages
from unnamed sources. Shares in BNP closed Tuesday at EUR66.15.
--BNP Paribas and SFPI could not immediately be reached for
comment when contacted by Dow Jones Newswires.
Full story: https://reut.rs/3SFnxWV
Write to Ed Frankl at edward.frankl@wsj.com
(END) Dow Jones Newswires
March 01, 2023 02:30 ET (07:30 GMT)
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