NO. 50


Financial and Banking News

Regional Banking

BNP Postpones Selling Shares in BAII to Four Arab Institutions

Banque Nationale de Paris (BNP) has postponed for two months plans to sell a25% stake in Banque Arabe et Internationale d'Investissement (BAII) to fourArab-owned financial institutions. BNP has owned about 93% of BAII's sharessince buying out the majority of the the former shareholders in June, and undera takeover plan agreed in May it planned to cede the...