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BNP BNP Paribas

67.45
-0.16 (-0.24%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
BNP Paribas EU:BNP Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.16 -0.24% 67.45 67.25 67.94 67.97 67.04 67.61 1,771,056 16:40:00

BNP Takes 22.5% Stake in Spain's Allfunds

21/10/2019 8:37am

Dow Jones News


BNP Paribas (EU:BNP)
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   By Pietro Lombardi 
 

BNP Paribas SA (BNP.FR) will take a 22.5% stake in Spain's Allfunds as part of a strategic partnership, the French bank said Monday.

No financial details of the deal, which is expected to be completed by the end of next year, were disclosed.

Under the agreement, the parties will create a fund and "wealthtech" platform, it said. BNP will also transfer some Italian activities and services to Allfunds.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

 

(END) Dow Jones Newswires

October 21, 2019 03:22 ET (07:22 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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