VOL. XXXIII
NO. 33
21-MAY-1990
Financial and Banking News
Regional Banking
BNP to Buy Out BAII, but Arab Shareholding Will Remain.
Banque Nationale de Paris (BNP) is to take over the Paris-based consortiumBanque Arabe et Internationale d'Investissement (BAII) and inject FF600mn in newcapital. BNP plans to become BAII's only European shareholder, but will givesome Arab-owned banks the opportunity to take minority shares in therecapitalized bank. The move, which is expected to be formally approved by...
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