BNP PARIBAS IS LOOKING TO ACQUIRE UP TO 100% OF EXANE
After a successful 17-year partnership, BNP Paribas is looking to acquire up to 100% of Exane, raising its stake from the 50% currently held.
“This further integration will build on our solid foundations for our Equity franchise from a top-ranked Research house in Europe to Equity Capital Markets, Equities Cash and derivatives. It is a decisive move in order to support BNP Paribas’ ambition to position itself as a leading Global Equities franchise at the level of its US peers and become the preferred European Global bank for the Nordic corporates and institutions.
We are thrilled to collaborate even closer with Martin Cristiansson and the Exane team in the Stockholm office as we truly believe this will enable us to better serve our Nordic clients.” Says Eirik Winter, CEO for BNP Paribas Group Nordic Region
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BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 68 countries, with approximately 193,000 employees, of which more than 148,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
In the Nordic region BNP Paribas employs over 700 people across CIB, Asset Management, Personal Finance, Car Fleet Management, Leasing, Factoring and Insurance, with offices in Denmark, Finland, Norway and Sweden.