Thursday, 19 July 2007

BNP Paribas buys Brazil's Banco BGN

(Reuters) - BNP Paribas declined to say in a statement how much it had paid for Banco BGN. It said the transaction would involve an exchange of shares and was subject to regulatory approval.



"This acquisition positions Cetelem as a major player in the consigned credit sector, which continues to grow in this country and is expected to increase at a steady pace," Cetelem Chief Executive Francois Villeroy de Galhau said in a statement.


Read more at Reuters.com Mergers News

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