NO. 21


Financial and Banking News

Regional Banking

BNP Denies that KIO will buy 50% of BAII

Banque Nationale de Paris (BNP) has denied a report in Agefi that it isplanning to sell a 50% stake in its subsidiary Banque Arabe et Internationaled'Investissement (BAII) to the Kuwait Investment Office (KIO). BNP confirmed,however, that discussions are taking place between itself and the Kuwaitiauthorities, although it said it had no idea when the discussions could beconcluded....